Your guess is as good as mine - its been emotional, if nothing else, for all Speymill plc and Deutsche (non board) shareholders and I sincerely hope you haven't lost your home & health on this, unlike some I know - it would however be the biggest comeback since Lazarus! My guess is that this was the end game played out (by the board) for the last several years and, indeed they had thought & hoped all shareholders would have by now given up on recouping any of their lost £m or kicking up a fuss with the FSA. What goes round comes round..
That is a rhetorical question Mondo1 which I will answer with another: Are you implying that Mellon and his "chums" had no intention of trying to make Speymill work from the get go and indeed were merely "throwing a bone" to their victims/naive shareholders when they implied they would turn this Foul Turkey into an investment vehicle a year ago!? ie to shut them up. We are older and wiser if not a lot poorer..
“Cheap & Nasty” – is that a description of the share or indeed Jim Mellon’s management? Maybe if he lost their serial loss making contracts division they could return to profitability and return some value to long suffering SYG shareholders –it appears that the only thing that Speymill contracts seems to have done is various building works for the board’s private residences, hopefully they at least managed to make a profit out of this work. As you correctly imply, it is time for Jim Mellon to step up to the plate and prove that he is not just (sic ) a “Bubble Boy” and can actually manage a business through a recession. Let’s give him the benefit of doubt as I am sure if he really wants to he will make a success out of Speymill
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