Company Strategy16 Mar 2018 14:34
Just been reading through the PFD strategy on the website and found these 2 statements:
"Targeting below 3.0x Net debt/EBITDA in the next 3�4 years. Generate Value for our Shareholders."
Roughly translated , the first statement means "Forget any dividend for the next 3 to 4 years"
This statement, coupled with a stagnant SP and little or no progress on the financials over last 2 years, makes a mockery of the second statement.
It's about time some of these NEDs grew a pair and got rid of Darby. Beginning to look to me like a cosy club for highly paid mates.