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Maybe he thinks it'll be a ten-bagger and doesn't therefore need to invest too much :-)
Seriously though, yes, dunno why he bothered. Hardly has "committed" written all over the deal.
You're right, not a huge amount but it draws attention to what I believe to be an undervalued company and will give cause for others to assess it, "others" who would not have been aware of it previously. It certainly can't do any harm.
"Im odds on favourite for a takeover bid from Flixbus."
In view of the business involved maybe we should refer to it as an "overtake".........ha ha ha haaaaaa......ahem.....Taxi!
They even got the costings for driver training wrong. Hardly a requirement for "cutting edge" economics!
XxxAccountant, you sound to me as though you have exactly the right level of emotional intelligence for this game, so what the hell are you doing on here? ;-))
12-Oct-23 14:25:22 60.430 700,000 Buy* 58.95 59.55 423.01k
The only other thing I'd add concerns the listed initiatives: (i) better commercial scrutiny and ambition; (ii) tighter cost control and ownership of cost reduction initiatives; and (iii) improved allocation of capital and resources."
Is this guy doing an a GCSE in the bleedin' obvious? Which of those WOULDN'T YOU DO as a 'matter of course'? He's in over his head.
The thing I really did dislike from the Group Chief Executive in today's RNS can be summed up in that one (gutless)sentence: "New leadership makes immediate impact".
It then goes on to talk about how the new appointees in various geographical regions are the answer to previous shortfalls, almost suggesting what a marvelous and decisive decision-maker the man at the top has been to appoint them. It goes on to say, "We have performed a rapid assessment of that division and have identified clear areas for improvement including: (i) better commercial scrutiny and ambition; (ii) tighter cost control and ownership of cost reduction initiatives; and (iii) improved allocation of capital and resources."
An obvious question off the back of that? Who the hell was managing the previous incumbents - or should have been - when they were creating the mess that is only now being attended to - through neccessity? At least have the guts to hold your hands up rather than just throwing them under the.....bus.
"you're talking it down"
Not the only one on here with their reverse psychology. Highly transparent.
Chairman Mladen Ninkov commented, "Another solid quarter of production with thanks to all the Company's officers, employees and contractors."
Clearly a man of many words :-)
See the RNS