The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I am hoping the unsettled share holder base and wressle success as notified yesterday will lead to a take over - anything over 2.2p I would vote for.
Little bit like animal farm not entirely sure a new board would do much different but this board has had its day - yesterday was their last chance to be entirely open and offer some sort of salary concession but felt like all the other pointless meetings we have had over the last ten years.
Yes they looked lacking in energy and (presumably they read these boards), were not open in dealing with shareholder dissatisfaction. As an ex director boards often use renumeration surveys to lift their pay - it should be linked to performance and be share based - I don't care what others are paid. They looked tired and fed up but at least had the guts to do the call. Was hoping there would be something new but same old, same old.
I have voted but as ever will listen to what they have to say. Wrestle has been producing for quite a time but sp at 1.2p principally due to fund raise at 1.8p when we were at 3p and subsequent failed serenity drill.
Would need to see cut in pay roll and sensible plan going forward for me to change my 10m votes.
But always happy to listen….
But great news
Great research and will echo your question along with director rem given disastrous performance/size of company and a question as to whether they chart success of the company through the SP or growth in their Renumeration
Yes, I thought so too - clearly a difficult market to be trading in so when contextualised they looked damn good results to me - shocked to see the sp decline. Well run company in my view - will recover and see significant growth in the years ahead if the world can sort itself out - big if
Totally agree - we have a fairly significant result with Wressle and they spend the money on their salaries and a vanity project. The thing is, if serenity had come in then fine they should receive generous reward but surely mainly share based. it didn't and in the over ten years I have had these shares ruined the one year where they actually were heading in the right direction but their pay goes up when their project fails and the ignore the message subsequently delivered by shareholders.
Nothing, ever, is on time - if the news is poor on wressle then get it out. Whether it is going to visit your family, a work commitment, promise to a friend - live by the dates you yourself set or update by the delivery date.
Voted against the board - by nature I am a loyal person but this lot have been appalling
Yes they are a small band of brothers
Been the same narrative for many, many years
I know I am repeating myself but Wressle provided us with the opportunity to get out of this miserable cycle and we are squandering it - I really don't want any more expensive projects from these over paid men - 1.8p rights issues - who came up with that. I am sure we would be happy for them to take very significant packages from the business if our SP was 10p. I absolutely hate their half and full year reports speaking of progress and success when the sp has declined - how do they think we mark their score card
Just be honest - say it is not good enough and then look like you care about us shareholders by cutting your share until such time as the company grows
Hope buy out - they have my vote
All of us work to deadlines - why can’t Europa give a time line that allows for the complexity of what they are doing. We never come close to the time lines set out. - it goes to the company’s/directors credibility - it is November, wressle should have been back on weeks ago
Imagine in your lives giving a project completion deadline that you failed to hit without a full explanation as to what went wrong or worse dropping the project without further further comment
In my view there are many companies on aim some of whom I have lost a lot of money on who are brilliant at hype with their promises not kept and sp tanking.
I would far rather they quietly build the strong foundations they are in an exciting growth market and the sp will eventually reflect their success. From what I can see they are working hard to build a special company but obviously time will tell
Surely if sp does not improve Trx will be bought
Yes, unlike so many other companies at the present times news here is always positive. Another step forward building towards a very special company 5 years out.
As I have said before all about the management and team - step by step this company is building the foundations for a successful company
Yep - guess we can make our votes count on other resolutions and of course have on-going shareholder action
Would be a crime to waste the wressle money in the next few years on a bloated board and further pointless board adventures which promise great things but never, ever deliver. Good news is the SP does not have much further to fall. Hope we can get the requisite shareholding together to demand change. Credit to those on this board who are supporting the on-going action - it is rare the little people like us doing anything other then acquiesce