RE: EXCELLENT RNS! WELL DONE TO THE CARACAL TEAM!8 Jun 2022 08:55
An interesting post OnlyOneShareMe.
From my experience in a FTSE100 company, metrics were a constant evolving beast, driven by individuals, market trends, key milestones and strategic objectives. In my mind it is not surprising at all that we have seen various templates for market reporting from Caracal given the company is not even a year old yet and as you say, new people have joined even in that short space of time.
I think that we could come up with quiet a detailed list of interesting aspects of the company where we would more information and that reflects not only our monetary investment but I suspect for some, a growing emotional attachment to this fledging company. We must recognise though that the BoD are there to look after shareholder interests in managing the granular detail.
Personally I think that as the months go on, we will start to see a more steady state of reporting - in timings and format as the new FD helps influence the BoD. Lets not forget of course that this is also an incredibly dynamic company with huge plans for growth and hopefully future acquisition, so when I say 'steady state' - that is in the context of nothing is going to stay constant here other than growth and expansion in my view. And that is why I am invested here after all.
Just my Wednesday morning musings - let the games begin again in 5 minutes!
ATB