There's going to be a few red face's around and some grovelling apologies necessary if H delivers the goods next Thursday...I'll be the first.
Two sector profit warnings, several 'conflicts' in full flow, jets falling from the sky and the SP has taken a bit of a hit...my pet hamster could have called it. Come back in a year and it'll be good old Harriet again.
I'll be honest, I only retain a tiny holding in TCG and am still in profit. I am, however, angry that since the share slump began there has been a deafenning silence from "on high". Personally, I could not care less about the awards HG has been given, to put it simply, she is just an employee of the company, well paid to do a job, a job that I believe includes keeping ALL OWNERS (every share holder) "in the loop" as much as business sensitivities allow - given the total silence since last figures, this she has not done. Yes, the sector is down, it may be that all the negativity is out of her control, but I do think that the total lack of interest in ordinary share holders concerns shows a level of contempt unbecoming of such a( previously) well regarded individual.
The young man to whom I was alluding in my 09.06 post is called Alex Lees.As for the suggestion that Frank has much experience he did nothing to prevent tjhe fiasco of the previos management.Only days before the great decline in the share price tcg paid a very good dividend which we know now was not appropriate.Perhaps it was a valedictory payment and the CEO was well rewarded with a golden handout.Hence I acknowledge HG had a difficult brief but in my opinion has taken her eye off the ball.However all is not lost and if she allows herself a little humility the situation can still be turned around.
what's a BARC? If it's something to do with forum members insulting each other whilst maintaining a safe distance and total anonymity I totally agree so I certainly hope I've not been party to that.
HG isn't looking that great with the numbers right now and, whilst I accept that I'm not privy to her thinking or the working of the BoD, the "numbers" that shareholders are interested in are clearly visible. And not good.
Manny drove TCG off a cliff in spectaculary suicidal fashion (In my opinion) and HG sorted out the basics to save the company from disaster. That was good, and she was paid well for it, but the job's not finished yet. So what's next?
Manny had plenty of leisure experience, as did his team. Didn't seem to help much.
I realise that this all sounds a bit negative, but that's the way things are with this share right now.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.