Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sorry Billzo. I thought we were talking about somebody’s suggestion that there might be a buyout offer. In such a scenario, I don’t think £2 would be anywhere near enough but £3.50 might be. Pure conjecture because someone from UAE took a small stake.
The Company has been knackered by the management. Who is the director responsible for insurance and who appointed him? I had a 3 year motor policy at £302 per year and renewal offer with no changes is for £666 per year. I had to ring Saga to cancel my policy otherwise they would renew it and so I spent ages listening to “we are very busy”. The young chap tried very hard to reduce the premium but couldn’t get it down very much and in any case too late. I got a new policy from Aviva for £375 per year. There is some market research for them but this is also too late and I doubt they will ever learn.
Has anybody looked at the Saga App? It is the most appalling amateur attempt at an App that I could imagine. Somebody in this business is being paid a fortune for pushing digital business and the CEO is pleased with their efforts.
I agree fully with Billzo about the management. However, as with the rest of you, I have no idea what the results will show. Probably good travel and cruise results, poor insurance and a lot more BS about new digital ventures. I say sack them all.
Velindre
They will be” “read the riot act” if they do not sell AICL as promised. As Billzo says, the management are funding their lifestyle and filling their pockets at the expense of shareholders and using the Chairman ‘s funds to keep the gravy train running.
Hi Billzo. I am still left in with a massive holding but I totally agree that the CEO is raking in free shares, excessive salary and free cruises and should be stopped. He won’t resign because he has got the best job in the world. Surprising he could get such a job looking at his prior record. When you look at the fact that the shareholders are getting nothing, it is surprising that they keep voting him back in. What can we do?
Why on earth can’t the Company provide an update on the sale of AICL?
If it had already gone through, I think there would have been an announcement. So in my humble option, in all probability it hasn’t gone through yet.
However the “bunch of clowns” have until end of January to sell it within this year.