The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Stunning market reaction to another RNS!
Tom2468,
what you need to remember is that all the Directors, including the non-execs, have lots of other jobs, so the amount of time they spend on Ken is, let's just say, questionable!
3card, agree absolutely.
Market has no confidence in any of CB's ventures/companies and until they do we will be in a holding pattern whilst CB fills his and his mates wallets.
No they haven't because every shareholder has the right to speak their mind whether you agree or not.
Perhaps if the "board" invested some of their pennies now the company is "onwards and upwards" they will benefit from the "value being created" that would give everyone a bit more confidence!
Didn't attend the agm.
However, if you have a quick look over on XTR, following their AGM, you will note some views re "over eggging the pudding".
Seems we may not be alone!
CB is also apparently looking for "blue sky projects" so we are probably not that high on his priority list.
Really is a shame he seems incapable of concentrating on any one project for more than an hour or a day.
The wait goes on, and on and on and on ad infinitum!
I find this totally bizarre!
If XTR was CB's only company, maybe; but it isn't.
Ignore TIR (investment company, doing well, NOT!) and all the other directorships except;
AFP, multiple projects
BZT, multiple projects
GLR, multiple projects
KEN, mutiple projects
XTR, multiple projects
he is playing.
Gets bored with one project within one company so goes off to find a new toy to play with, bizarre!
What I would like to see is a level of concentration lasting more than a few hours or days resulting in delivery, something missing to date!
Within the Financial report of another of CB’s companies, he lists 15 “other” directorships. Just how much time does OSV think CB actually spends on not just the other companies but the many projects within each of those companies. At best, CB and his board, are “part timers” but paid handsomely into the bargain.
Oops!!!!
From the results,
C Bird, Experience and Expertise, "His most notable achievement was founding Kiwara Resources Plc and selling its prime asset, a copper property in Northern Zambia, to First Quantum Minerals for US$260 million in November 2009 which closed in January 2010."
Perhaps should read; "His one achievement..........."
On top of a share of £170K salaries, remember C Bird's Lion Mining Finance Ltd, no doubt he gets a cut from those fees as well!
Also, bit in the RNS about "material uncertainty..." Similar comment in TIR's results RNS.