RE: RNS OUT20 Jan 2020 17:53
Sam
I also was burned at ADME and have said before, when he turned up
here, I was all for throwing mine out of the pram and selling up.
From researching, the story at ADME was reported by many as, he had
far higher ambitions than the BOD, why it was not sorted originally is
laughable, waited to reveal, lined up risky asset plans, until after they
put his name on the front door.
BOD had certain high risk assets in mind, the Sheikh a more up market
bring in low risk mix of high quality assets and then build upon it.
Neither side gave ground and he walked away.
On further investigation, I found no previous stuff on him throwing a
rattle. To the contrary, he's rich yes but did not start out mega rich like
his cousins of the ruling Family.
Quite shrewd in fact, in his early days he leveraged the family name to
get in the door, since built up a little empire and projects in 21 countries
again, doubt they would touch him with a bargepole, if he had the rep
of running off.
And last week was in further meetings and talks with African countries
(notorious for dragging timescales/corruption) over energy projects so
again, if looking for a fast buck, he was in the wrong continent.
Between the two shares, he still owes me a few pints (Whiskey) but
as others have said its now a flagship dual project Energy/Urea at
National level/CPEC/China/Pakistan/Singh regional gov supported
I give him the benefit of the doubt but would not say no to a take
over, expect it would be at much higher than current market capital.
Have been in a few and all that have had actual projects in motion
and not just selling off ,to keep the lights on, have gone for multiples
of where the market had them valued at the time.
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