The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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Saluc, of all the stupid comments you have made on here your last sentence is by far the worst one liner anyone could utter regarding shishir being a good businessman. He has put TGR on life support while stealing our graphite from us. 5P a share from 150p. Pranagraf are loaded as they keep getting our graphite at stupidly low prices. Both himself and his daughter are now multi millionaires according to Indian rich list survey. All this in the last 3 years. Guess where the money came from? DYOR
Ahahahaahhaha pls send me a link to the “rich list”! Although troubling this continues to be quite the show
Hold on I thought I was Shishir? Oh wait last time I was his brother.. thanks for you input, entertaining as always
So you say he’s worked himself up to be a millionaire in a few years yet he is a bad businessman, honestly do not know why the group hired you to be their frontman
Disappointed no link to the “rich list” has been provided. A bit like no links have been provided as I asked a month back or so to any actual information confirming any accusations that have been made endlessly made for about a year that I’ve been trawling through of each poster. Disappointing guys come on I was really looking forward to seeing the “rich list”….
DrewStevo just so you know (as I was reading your posts) I’ve never implied that Hemant is secretly a part of this newly formed group or that he’s personally attempting to remove Shishir.
Just to clear it up from the info I have seen he has voiced his concerns about Shishir which appear to match / are similar to what this group thinks and stepped away as a NED for that reason but far from being devious or attempting to oust him etc he hasn’t turned against him publicly.
As far as I can tell Hemant’s a decent guy who just wants the best for the company as he’s joint owner of the concert party with Shishir.
So yeah sorry if my previous posts suggested otherwise, as far as I know he isn’t involved in this group but obviously is in communication with them as former NEDs
DrewStevo,
Its very unlikely they will be found on any big rich list as Forbes top 100 for India has number 100 worth over 1 Bil. So if they are on a list, they are going to be thousands down.
Secondly, and this isn't in reply to anything you have wrote, but to the wider audience. I would be amazed if he wasn't a millionaire. I'm pretty sure he would have been before getting on with TGR. The whole Poddars family have been running businesses for donkeys years I believe.
He's been offering a personal guarantee against his own finances in order to raise debt so he's obviously wealthy - not that it appears to have been successful as of yet.
When I say that I'm judging him on performance (with strange responses from others saying they aren't) I'm not just talking about operational performance, I'm talking about following through on corporate and governance issues too.
The last update two months ago laid out positive plans once again and at the time what did I say? That all sounds good but sadly the market wants to see it before it believes it.
Well so far how are they are doing against those objectives? The 'imminent' $2m hasn't arrive, there's no word on the establishment of a working credit facility, nothing on the potential funding for expansion for the next 6kt module, CFO appointment is yet to be concluded, no new NEDs appointed (which would have taken pressure off Shishir).
Let's also remember that numerous times in 2023 Shishir spoke of corporate governance being one of his top priorities and yet here we are with a board consisting of himself, his daughter who's only work experience post-BSc is with her dad and Alastair, a 20-something year old who got fast tracked in six months to a board position.
All of that is true HarChris, and I for one have never said I'm not judging him on performance, simply that this upcoming set of results isn't my only benchmark. I never previously expected much from this year so a poor set of results fits with what I would have expected given the stage the companies at.
My issue isn't with his failings. I think even his most vocal supporters would agree there is big room for improvement, its that nothing has been present which shows the new group to be any better.
Out of the frying pan and into the fire comes to mind.
As I've said, several times. The new group might be amazing, but they need to show that, which they haven't so far.
As I see it, listing his failings is focusing on the wrong element here. We all know what to expect if he stays in place. The focus should really be what would we expect if the new group took charge.
As an example, Isabel has worked in comms for St Brides Partners for some time (within a consultant role I believe, but don't quote me). I know St Brides Well as they do the PR for dozens of AIM and small cap companies, so you would expect a smoother running PR element with her onboard. (She was on board before and it didnt improve, but that might be because she was restricted by current board).
I want to believe. I want to be excited by the suggestion of change, but all I see is negatives towards the current board (some made up stories too), and lots of spin. Wheres the positive facts?
In addition, and I'm struggling to understand the reasons for this, as it stands, theres no way the vote could win with such a small percentage, that the FT group have. They must know that, yet they aren't reaching out via here etc to make there case to gain more numbers (because I don't believe some of the pro posters on here are offical reps as to unprofessional to win any hearts and minds), thus what is there real motives? Do they actually want to take over or do they just want a big sit down to maybe get some extra incentives off the board, or do they want to cause unrest as payback?