RE: Re Wind farm22 Jul 2023 17:04
What do you want him to say, exactly? "I stand by my original analysis, the finances remain as compelling as ever and the market discount to true value makes them a strong buy." ST is hardly responsible for the share price movement at jog, he simply analyzed the numbers and came up with a value. Perhaps all of the brokers should also be expected to explain themselves, by which I presume you actually mean to apologize for the share price not meeting your expectations within your timeline? Or perhaps PIs just need to accept that the market price is what it is, and that market sentiment is currently awful, sector sentiment is at least as awful in addition to the general market sentiment, and that it will take at least a full farmout before value starts to materialize. It will come as no surprise to anyone on here that I hold Benitz significantly responsible for where we are - there was absolutely no mention in advance that this farm out would only be a cornerstone rather than the full monty. He's consistently underdelivered in my opinion, and significantly overpaid for his halfarszed delivery. The next time his salary comes up for discussion with the remuneration committee it needs significant adjustment - downwards, by at least 50% in my view. It's all very well for people to say he is paid in line with other aim CEOs, but those CEOs have vastly more experience, vastly more success under their belts, and a few have a history of actually delivering for their shareholders! In addition to all of the wider market challenges, I think jog suffers because noone in their right mind would have full faith and confidence in Benitz, and I remain of the view that he needs to go. And the sooner the better.