RE: Take over10 Jun 2024 11:12
Agree with that. However, the board bear responsibility for letting debt grow and leave the company open to such opportunistic attempts. Under Peter Fitzwilliam the debt had been gradually eroded over many years of prudence. My wish was that they carried and and eliminated the debt entirely, although the dividends were welcome. Instead they chose generous divs, and ill considered acquisitions. I hope lessons have been learned, I believe companies should always be aware of the cyclical nature, and buffer against such events.
Rant over, ta ta Timid Bison