Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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It's so wet here even the horses don't want to go out!! They've had enough.
Hope you built the snowman.
We had snow today here.
Oh, and the short is reducing. No surprise there.
Yes I have a holding here Mary. After taking an initial loss I went back in and subsequently have averaged up.
Enjoy the rainy weekend!!
Guinness
I suppose you have a large holding here? 🤔. I outlined my thoughts in the previous post.
Interested in views of others.
The directors see value. I do wonder about approaches coming or already being considered.
I think we may see that next week and redwood increasing.
Nice weekend.
My last post on this thread addressing some of my own comments of the 26th.
- VANQ are not a genuine 24 carat basket case (though previous management were heading in that direction on auto pilot).
- thankfully new VANQ management did not follow the traditional route of their predecessors and failed to disappoint.
- whilst the turbulence of the past few weeks has made me fill my sick bag I do accept that the turbulence was due to factors beyond the control of the flight crew and indeed we have a top notch flight team.
There now follows an interlude while the market cogitates, deliberates and digests the excellent March 27 debrief.
New managements pitch is that there has been a hard reset and from this point on VANQ are going to move forward into broad, sunlit uplands.
Significant and wide ranging director buys would give this narrative a considerable credibility boost (and vice versa).
Hx
Hoping certainty 3. ended with the rns or will have to double up.
GLA.
Don’t pin all on tomorrow this is a two year turnaround… What is of major importance tomorrow is the road map for the future.
Hi Pooks
What you see re VANQ depends on where you stand when you look. I have the perspective of a LTH.
Twelve short months ago the SP was at 225p.
As interim's approached the price drifted down to 182p. At that point Malcolm 'Everything is Tickety Boo' Le May handed in the keys to the executive washroom and announced "Don't flush the loo or lift the lid until you get a tape measure. I've a left a present and I think a world record may be on the cards!". The SP tumbled by 35%.
In my water I always knew that MLM was a bluffer. He could never be pinned down at any time, by anyone about anything. Though I did underestimate his ineptitude.
Along comes the new man. He goes out of his way to reassure shareholders/the market. He talks numbers, commits to guidance, makes difficult decisions and appears to every inch the CEO that MLM wasn't.
So I'm utterly dismayed when on the approach to results the SP is bush whacked making MLM's stewardship of the SP seem positively attractive. I have bought a very expensive ticket to air my grievances. Whether directly, indirectly or at all my thoughts get as far as management I feel better for getting them off my chest. I just as soon have steady progress at VANQ that wasn't worth commenting on.
At least tomorrow we find out whether the 60% mauling that the SP has taken since the March 11 RNS can be attributed to
a) VANQ being a genuine 24 carat basket case or
b) an Investor Relations gaff of epic proportions.
I'd suggest that there are three certainties in life : 1) death 2) taxes and 3) VANQ will disappoint.
I'm eagerly awaiting my next disappointment.
I agree with Guinness give it a rest, you’ve just about done every conspiracy theory known to man if investing winds you up so much Don’t Do it .
Give it a rest why don't ya! Oh and have a nice evening.
My thoughts on Wednesday
Option A : There is a 'bigger picture' that puts VANQ in a better light when ALL the facts are known. In which case the unqualified presentation of selected facts on March 11 was a MAJOR BLUNDER.
Option B : There is NOT a better 'bigger picture'. In which case we are where we are.
Neither option inspires investor confidence.
My best guess is that management WILL have positive things to say on Wenesday but this will be met with a deafening silence UNLESS they are seen to be eating their own dog food.
I see the The Great Blood Sucking Vampire Squid Group Inc have now dumped over 6% of stock.
I can find no record of when they acquired this holding so it is hard to figure out what their strategy was suffice to say it is bound to be some sort of parasitical skulduggery.
So goldman doewn 2 gorges down 2 redwood up 4. All square
Yes ..Goldman reduced by 1% and Norges by 2% but Redwood by 4 %
Maybe they took the shares from tje other 2
i do fear that management past and present have **** in the nest once too often.
now if they say anything negative on wednesday even if it is a re hash of content from the march 11 pr disaster it will be taken as a new negative and accompanied by a new sp drop.
Since Monday redwood has increased by 4.42%. In that space of time I'd say that significant.
If management think they have a good story to tell on Wednesday, the next issue is - will anyone be interested / turn up / trust them with their funds given the extent to which on the March 11 they were willing to throw existing shareholders under the bus?
I would suggest NOT and that the Strategy seminar is now doomed to be a damp squib unless it is backed by concrete actions such as share buybacks, significant and broad management buys, a dividend rate that deters short positions etc.
Maybe such measures were not part of the original plan. They need to be now!
Anagram = Cull Hangman II - bodes well.
I do suspect there was an element of "let's get any negatives out of the way and keep the planned Strategy day upbeat" behind the March 11 RNS.
If so - then as evidenced by the market reaction this has back fired catastrophically. There is now going to be a massive cloud hanging over the Strategy seminar.
The RNS and the way it was thrown over the wall could not have better designed to undermine confidence and instill fear in shareholders/the general market. Further I have a huge problem with the fact that this most recent signal was the complete opposite of that of October 17th when management sought to calm nerves.
Currently if prompted in a word association test with the name "Ian Mc Laughlin" - the phrase "A safe pair of hands" wouldn't be the first thing that springs to mind.
The dead cat strategy, also known as deadcatting, is the strategy of deliberately making a shocking announcement to divert media attention away from problems or failures in other areas.[
The kitchen sink is a phrase that refers to the many activities and tasks that need to be done. The phrase can be used when someone is overwhelmed with work and needs to get things done as quickly as possible.
What's the translation of that post Mary? Google translate gives me an error code.
Hard to say as they seem clueless 🙈.
Can they make it worse? Even if they try to make it better will Mr Mkt agree.
Still believe the idea was to throw out the kichten sink.
A deadcatting move. Hopefully not as that would mean we are being distracted from much worse.
Shock and awe coming up.
The man with the plan, better have a great one.
Still 60% down following the communications fiasco of March 11th.
Any views on whether management make things worse or start to repair the damage next week ?