RE: give it time14 Sep 2018 17:22
baker - just do rearch on cadence - the charts are all there.
yeah Lonrho...maybe you should research their involvement with fastjet?
i invested there - another 99%loss. complete write off.
here is the telegraph on lonrho
"In its most recent incarnation, under recently departed chairman David Lenigas and chief executive Geoffrey White, Lonrho lost the faith of much of the City, with the shares falling almost 75pc in the past two years in the wake of fundraisings and profits warnings.
“They have seriously over-promised and under-delivered,” said Panmure Gordon anaylst Damian McNeela. He added that Lonrho should sell its 50.1pc stake in Fastjet,saying: “Any number above zero is worth taking.”
Mr Lenigas and Mr White had a famous run-in a year ago with former trade minister Sir Richard Needham, who quit the Lonrho board after a row over pay.
“I’m sorry to see a major operation for development in Africa sold for such a disastrous price because, in my view, of the way it’s been managed,” Sir Richard said on Wednesday."
no salary - well according to city diary
"Is this the same David Lenigas who, in May this year, pushed for a pay rise from £500k to £750k while executive chairman of Aim-listed Lonrho but was forced to settle for less after a well-documented outcry?
As reported at the time, the dispute over Mr Lenigas’s remuneration package led to the resignation of non-executive director Sir Richard Needham, who said Mr Lenigas’s planned pay rise was “way above the comparator group”. Such self-sacrifice."
i think you might want to research a little better before trusting him with your cash
Sign In
Follow the stocks
