The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Not sure why the criticism of RacingCyclist in this thread. His comment was pure fact. SD was not the CEO. He saw how it was done and was part of all decision-making in the building of that company but he was not deemed by them to be the right man for CEO at the time and he did not call the shots in building that company.
GGP is acting on the assumption that, having seen how it was done from inside and being right next to the top, he can duplicate it here. It's a reasonable assumption but it's not guaranteed and it would be foolish to pretend otherwise.
I just listened to it some interesting stuff , at one point he seemed a bit insulted about not being a geologist , hes defo there for the money deals tho, and what a coincidence the present valuations of ggp and when he began at northern star , lets hope it goes same way
I mean freddie
Lots floater lots, the whole interview will give you great confidence, go enjoy it
Just finished work not had chance to watch the new podcast yet , any new points of interest in it
Do you know how business works, they could have lost the person they put i yo the ceo role. I mean go on neg head
Racing look out i feel some backlash coming ha ha , he has improved his personality of late but still no sp movement only downwards , time will tell
There is always one isnt there, go on back in your pond
It is also worth noting Shaun Day was the CFO of Northern Star not the CEO.
The CEO is Stuart Tonkin, who was COO from Oct 2013 and was then chosen as CEO in Nov 2016.
Shaun Day was CFO from Sep 2014 - Feb 2019.
Given Northern Star chose an insider to take the CEO role in 2016, it would appear SD was deemed not the right person for them as CEO at the time.
No panic on my part. I made the decision to invest and I'm totally responsible for my investments; So you won't hear me whinging about it.
I have the confidence in Greatland and the CEO and IMO then he is set in keeping at least the 25% stake in Havieron; as he knows it is the foundation the company will be built on, so my money is staying in GGP.
Good things come to those who wait.
Floater i was lucky i bought a couple of 3 k purchases at 35p and 34 p snd after scally topped up from 29 All the way down to recent 17p lows. I feel your pain my friend, not long now and you will be well up again, gold pulling back up now :)
Worth noting the difference between price and value. Price is what you pay and value is what you think it is really worth. Where the price is less than value in your mind, that would mean GGP is a buy right. The asymmetric upside here is why GGP is a screaming buy.
Shaun was with Northern Star for 6 years or so. This is not an overnight multibagger, but it is a multibagger for the patient.
Napthman - I first bought shares in 2018, but since August 2020 I've bought considerably a lot more in chunks with proceeds from several old companies pensions I moved into my SIPP over a 5 month period and one just a few days before the Scally results in January. So most of the purchases were in the 20's and one in the 30's, and with the SP current level it has meant the larger drop in my SIPP has wiped out the profit in my ISA (from my 2018 purchase).
Floater how are you down if youre a lth? I mean i am on a paper loss fro the highs of 38p, but surely you should be up still?
SD has had a share if criticism from some members on here and people are entitled to their own opinions.
I also appreciate that a lot of LTH's, including myself, had total faith and respect for GH; but after listening to SD on the podcast today and watching him on the last few interview and the Investor Meet last week then I think he is the right man at the GGP helm. His experience and especially his tenure at Northern Star is IMO the sort of career pedigree you want in a CEO of a company you are invested in.
It' been a tough 7 months for all invested and I'm actually down on my investment in GGP, but I'm confident in his plans of where he wants to take the company and certainly happy and have patience with my investment in GGP.