Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Lucypie - In reference to your bid comment I doubt that this forms part of the group strategy as the aim is likely to be around stabilisation, shareholder value and organic growth. However, if the right partner came along where it looked mutually beneficial for a merger to take place then I wouldn't rule that out, but the leadership would only go for it if it delivered significant shareholder value. When I stated in my earlier post that Idzik and Rickert have a vested interest they are both major shareholders after having taken most of last years pay reward in company share options. They would have signed upto this deal earlier on in the year when the shareprice was almost double the current price. This was done in order to help strengthen the balance sheets and in my view was also a gesture of sharing the current pain with a view for longer term recovery. In other words if they want to get their full salary rewards the company has to be successful. Realitycheck - I'm in the dark as to why the price is yoyoing. I can give a view that companies share price suffer when negative news releases come out. In the absense of any recent news maybe the market has quite a depth of confidence that is helping the price to recover. DTZ's company report shows that the company made a loss last year which is never good news but it also explains why there have been significant cuts made in order to reduce cost. Inevitably when this happens good people are lost as previous posters have pointed out and times of significant organisational change are not comfortable for employees but they are necessary. Once DTZ has nursed the wounds then with the help of the right fundamentals such as investing in growth areas whilst pulling out of areas not delivering on investment then we should see this company return to financial strength and strong profits. Could be a while off before there is a return to dividends being dished out but that will also likely be a focus given that shareholder value is high on the agenda.
Morning All, I've just recently invested in here and seen that there has been a recent recovery in the share price. There are probably many investors here that are showing a paper loss in this share. The reason I invested in this share is because I recently came into a small amount of cash. Having worked at Barclays and personally met Paul Idzik (CEO) and Bob Rickert (CIO and CFO) I can tell you that these were inspiring leaders at Barclays. I believe that they will take this organisation where it needs to be for its shareholders. Remember it takes time to turn an organisation around and these are the guys to do it. I've seen comments about experienced staff leaving but these guys will bring people in that will move the organisation from the ground up. All good companies need good leaders but also those leaders need to inspire the grass roots staff. A lot of jobs have gone from the UK but we've seen that happen through many organisations - state or private. This company has diversified and is investing in Asia which will create growth and value for shareholders. I believe this is a good investment and at the current price this is still cheap. Paul Idzik spearheaded a bid for Barclays for ABN Amro but recommended to the board of Barclays against this following due dilligence. RBS ended up buying ABN Amro as part of a consortium and this very much played a part in RBS almost collapsing. Idzik, whilst COO of Barclays had run a massive program in turning Barclays around prior to this bid. Having had success of that and recommending against the ABN Amro bid his job there was complete. He was a successful leader that introduced a lot of talent to Barclays, such as Bob Rickert who is now also with DTZ. Rickert, also an inspiring leader cleared out more deadwood at Barclays than I'd seen move in a decade. Both are good leaders and are now assets to DTZ that you cannot put a value on. I shall now follow this share with intested as both leaders mentioned have a vested interest to see this company succeed. Good luck to DTZ and the board and good luck for 2011 to all the shareholders here.