Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Desperately needs new management. Armitage is one of the most uninspiring CEOs of a public company I have ever come across. Two weeks from December and we still await any news from the strategic review which was apparently initiated at the start of march . We were told it would be a priority for the board and we would be kept updated in the months ahead .... Yeah, right!
back into the 60s now because Armitage communicates absolutely nothing to the market or shareholders about the strategic review. it was announced on the 7th march and we are a week away from November.... he promised it would be a priority and that he'd keep shareholders informed about its progress. the reality is that we know nothing - the directors at St Ives need clearing out and replaced with some proactive talent.
Armitage actually says something about this strategic review . It was announced on the 7th march and still nothing reported to shareholders. According to Armitage at the time it was going to be 'a priority in the months ahead' and 'we will continue to update shareholders on progress' . There seems to be no urgency or pressure from institutional shareholders , so that the BoD just does everything in its own time.
Armitage said, 'we are reviewing strategic options for both marketing and books.... This is a priority for us in the months ahead and we will continue to report on its progress'. So , 7 months later and still nothing.... Complete lack of communication and speed. Tell us what you have deduced from your strategic review , Armitage ?!
holding circa £350k of these I wish you good fortune. I trust you have an average you're happy with? probably an awful lot of shareholders - both institutional and private - have lost a lot under Armitage's stewardship. after 7 months I was expecting him to come up with actual solutions to the underperforming divisions, rather than mere platitudes. no idea what price could be achieved for books, but presumably it could make a sizeable dent in the current net debt? it does seem in decline with narrowing margins. if it can't be remedied get rid and concentrate on those that do. think that's reasonable?!
market thinks then.... utterly underwhelmed. Armitage has had 7 months to come up with some proper plans from his strategic review, yet has nothing to announce to shareholders. yes, net debt and strategic marketing are positives, but simply not enough. thanks again, Armitage...
for the results of the strategic review and find there aren't any?! just 'remains a priority for the board'....?! I was expecting to read about some concrete steps taken, and yet it is all just a fudge? some positives - net debt down by a third - but don't see this rising by much at all today and could well fall actually. other views?