Phoenix Spree D Share Price (PSDL)

Is their a continuation vote due in a year or so?

More of the jam tomorrow stuff.

What have these idiots been doing.Now stating that only 6% of the portfolios can be sold because of restrictions in their debt facilities they are in advance discussions with Natixis to change this.Another few months to get something completed so more condos can be sold.

Why have they waited so long? Incompetent or self-serving or both.Even now the sales targets are far too slow.Several years before debt paid down on their numbers.sack the lot of them.

...after Russia invades Europe.

Someone panicking?

A revised management contract was agreed for 12 months in June 2023.And what have the Property Advisers achieved in that time? Sweet FA.

Surely,they should be chucked out? Do the Board have the guts to do that? Surely they should be interviewing alternative candidates ? Or are they all in it together to hide their mutual inadequacies and protecting their fee stream and the existing contract will just be rolled over.The Biard has a fiduciary duty to shareholders.Lets be seeing it.

Shareholders deserve better.

As if by magic…..

And who believes that falling out of the EPRA index is the only reason for a 30% share fall?

Might it be because shareholders consider the Board is lazy and inept? Or that the Managers and Directors are just lining their pockets without providing adequate value to shareholders.If the Board had any backbone they would change the managers at the next opportunity.If Institutional shareholders had any joint imagination they would get the whole business sold at one go.The Board and current advisers are highly unlikely to go down an immediate full business sale route as it will cut off their fees.In theory,the primary duty of care of the Directors is to shareholders.One wonders if the current mob understand their legal responsibilities.