Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The use of the word remiss is interesting. Strong wording. Kelso starting to build case for breach of fiduciary duty?
Chair got to go clear as day
Director of IR got to go as refuses to do the absolute basics of the job description
Of course all this means nothing if major CE is close which is the only way I can put any logic to this
Problem is the lady who runs it and takes it all like an "exam question" seems to be in cuckoo land says actually there isn't a problem. She ain't convincing anyone!
Wake up.....rage against the machine!!
Your are also missing the reduction in the discount factor applied to the dcf cashlow valuation
It's lower hence both earning increase and the multipler also increases so it's highly sensitive to.interest rates for 2 reasons
Wow kim just sell up and stick all into phoenix group if that's your time horizon. You will double in 7 years on nailed on divi us pretty much nailed on capital growth when I terest rates drop in July
Given risk herein expecting 24 to see big rerate as uk recovers and moulding all but timed out and rapidly becoming a disliked man
I do think l there are genuine fiduciary questions now...
1. Why are we on a standard listing that clearly depresses share orice. How is this in our interests?
2. Why was rejection of apollo bid in our interests. What is the explanation for this?
3. Why does IR not respond to shareholders questions?
Rather than blame LSE for it's failings maybe it's other way round and LSE has businesses like tgus that miss targets, ignores shareholders, don't fight to defend decent bids in shareholders interests. How is this credible on and exchange other than LSE. It's fantasy to think it would be. Numis et al all have a major presence in US
I can't see hiw he could credibly defend his reputation to anyone against another bid. He's had his chance
There is a long list now or our CEO niot acting in our interests even destroying value against not only IPO orice but against external bids also.
Do we have a functioning chair ir not? I can't see any evidence whatsoever for it and critically where is his 18 month overdue strategy update which he himself promised
My question to moulding would be if 95% of advice in his vew is bad then who on earth were the 5% he did listen to and crashed the sp. Clearly the wrong 5% and the good advice would be somewhere in the 95% he ignores
Did mouldings plan work ....to buy kelso and silence them on THG?
jed that could mean anything such as a soft ***** slap. it's the political words of face saving de escalation. there's no way us would take the economic hit of high oil prices. israel.told get back in its box and about time. they can't do anything without us backing and weapons. apart from a few loons the world does not want a war over thus. it won't happen. us hold the hardware go codes here!