RE: No NOMAD. Mad to continue.7 Apr 2022 14:48
TShaw2, your wise words are informative. Thank you.
On several occasions (including today) I have written to the CEO expressing my view that Ince should be focusing all their attention on striving for excellence in their core legal business and avoid being drawn by distractions like Arden. I have stressed there is so much to do to increase the performance of the existing Ince company which is clearly quite a complex operation with low profitability compared to their turnover.
He said in one of the online investor sessions approximately one year ago that he wants the share price to be higher and so demonstrate more respect for the Ince business by investors. He said that to achieve this he believed they needed to keep doing more of the same with Ince i.e. keep improving the core legal business.
As a significant shareholder, I have asked asked him to drop the Arden takeover immediately. Arden is now surely a ghost business and almost worthless, all due to repeated serious errors of knowledge and judgement, with respect to the takeover, at Ince and Arden, with the consequential questions about Ince's professionalism, which may hopefully not be fair when considering their core legal business.
The sooner we exit the attempted takeover and leave this mess behind us the better.