Consequences of a No vote?14 Sep 2021 09:05
Predictions please on what will happen to the share price and the ability of the BOD to implement a post-Covid strategy as a result of a significant 'no' vote at the AGM?
My observations are that many people on the board over the last few days have decided to vote no because they are 'not happy'. Re-arrange the following words into a well known phrase or saying, Voting, Christmas, Turkey's, For.
We all want (unless you are shorting of course) the share price to rise. Surely supporting the new man and giving him the chance is the sensible option? The is a fundamentally strong company with a great future and I would like to see people voting with their heads and not their hearts.
And another thing. There will not be a big share-buyback in my opinion. At the presentation, it was made very clear that the cash in the bank was for M & A activity, R & D and the means buy which the strategy goes forward. It would be irresponsible to waste that on a short-term shareholder cuddling exercise IMO.
Anyway, that's my contribution to the debate and I will be supporting the BOD and giving my full proxy vote to the chair. GLA