RE: CEO Performance21 May 2025 09:56
Simoes, “Very quietly doing a good job”. To be fair, he should of taken on the modular homes business and driven it forward, underwritten the mortgages and created a new market.
There is a skills shortage with bricklayers, and builders which means they become expensive,so the industry will either be timber frame or modular going forward.
On the investment front of course Lgen is seen as a defensive play, not helped today by the spike in inflation, Rachel is said to be ‘disappointed’, maybe that refers to her tenure !
There is also an argument that the tech trade is over, the fast money has been made. All that now exists is ‘the bet’ on AI which requires substantial investment for the electricity needs to power the revolution. Yes, there might be some money to be made in developing economies, India etc, but Global trackers were heavily invested in tech, and as is seen that trade has come off.
I prefer individual stock picking at present, as always good luck to investors navigating markets with your investment decisions.