RE: No Change15 Jan 2022 12:25
The Primary issue as i see it is that the BOD have no skin in the game. I said to myself last year after i reduced my position that i wasn't going to ADD until a) Graham had gone and David took over and b) David and the BOD brought a chunk of shares and had options issued so they had skin in the game and a desire for the SP to improve. I considered that the only reason this business had not been taken over, and don't anyone quote DHSC Dispute because frankly the value here is so low its more than costed in, was because they had zero vested interest in that happening. Why agree a TO as a director and risk being out of job in a short period of time unless there is something material in it for you?
Unfortunately, like a total twat i still purchased more stock again at £3 late last year on the basis that jeeze the mcap was that bloody low, sales revenue flying, it has to recover at some point???? figures should speak for them.
I genuinely thought that after David started, they were unlikely to award him a similar award scheme to Grahams and as they had no staff in france would now go down the options route and we would see an RNS to this effect last year or early this year confirming his deal. But NO, Not a bloody thing.
I also naively thought that comms would improve, i mean come on, you take a position over as CEO and you want to put your flag in the sand, tell everyone how great you are doing, how great the business is, drive the Share Price higher, prove how dam good you are to the market. David has history of doing just that But NO, he hasn't even done an investor presentation to rally any form of interest. From a SH perspective we wouldn't know if he turns up for work....
It's almost like they don't want a high share price, do they want the SP to fall, is there intention to drop it down so far and go for an MBO? It has crossed my mind?
I am currently still holding 50,000 shares, i await the results statement and unless there is a decent forward statement. I am completely done here.
What p@sses me off is that on balance in 2021 i had a good year for my portfolio. However, I would have had an amazing year had it not been for my two dogs, this one and 4D - Both suffering at the hands of shorters and both materially under fundamental value - bloody joke.
Lets see what David has to say end of this month.... i cant wait...
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