RE: BOD Dreadful Performance8 Mar 2019 15:12
I sold about half my shares a couple of days ago for 797p. The shares cost 799p including costs, so made a tiny loss on price and the dividend just kept the investment positive. I also believed that RPC would have come good and would be worth over 1000p per share, but BOD seem to want out of the business.
The share price would drop further in the short-term if rejecting the sub 800p offer and booting the CEO. Ultra parted with their CEO in 2017 and the share plummeted by around 30%. The share still hasn't recovered to the pre-crash price of 1800p even after 15 months...