Short (of a bob or two).13 Jan 2022 01:25
No, I am not a shorter, I have been invested since the original tax demand hit Cairn.
I am angry that the award which was set by the court of Arbitration included compensation for all the detrimental effects the illegal demands put on Cairn Investors for a considerable period. Despite a bi-lateral treaty.
Yet the Board of Doves meekly accepted only approximately half of this amount and then joined the back of the payout queue.
Without consulting shareholders.
Reinvesting seized dividends would have compounded over time, but this seems to have been overlooked. As has the cost of a name change, legal costs and compliance with a whole host of ridiculous conditions.
I consider the Board have severely underperformed throughout this whole issue , could and should have achieved a much better result for the owners of the company, the shareholders. Even down to communication updates on progression.
IMHO there is something very fishy about this whole affair and the truth will out eventually. Yet no one is objecting to any of it, all blinded by pound signs in their eyes and happy to go with the flow.
We, the small shareholders have been shafted in my opinion.