Half yearly results comment23 Oct 2012 20:00
statement from previous half yearly results:
“It’s another good result on previous good results since the company’s been listed on the stock exchange,” says CEO Geoff Fardell “We’ve had continuing record halves.”
Fardell, installed as CEO only since the start of the calendar year, is self-effacing about his appointment having anything to do with such stellar results, describing the results as a ”team effort.”
No wonder he's so happy, check out his pay cheque.
JamieBoyton
Executive Chairman of the Board
361.00k USD
BrianRudd
Executive Director
402.00k USD
DavidPayne
Chief Commercial Officer, Company Secretary
341.00k USD
These guys are overpaid clowns imho:
"Earlier in the year, Capital Drilling began investing in its personnel and infrastructure; however upon the signs of a softening market we have implemented cost reduction and efficiency programmes, which includes systematic reviews of a number of major cost inputs including labour & supply chain. "
Although wouldnt advise selling at these rates.