RE: The Chairman and NEDS need to take responsibility10 May 2021 19:40
Dear Bagga018 , I agree the BOD should and will take responsibility , it was ever thus . . However they said in the RNS “we have confidence in completing the order “ What else do you expect them to say . I was building a house and the builders gave me a date 18 months ago then it was weather , then Covid etc and now it is 6 months late at least . Surely you don’t expect the BOD to give percentages / chances of completing the plant on time . Probably , but I am guessing it is currently 50/50, but is it it the end of the World if they have snow , a strike etc etc and completion is a month late . If I was the Board knowing how critical the posters are I would have said end of 2021 from the start . Then if we completed in July the Board would be heroes. In the US quoted companies always low ball earnings expectations so they can beat the estimates every time . When I was watching MicroSoft ten years ago their earnings were always 25% up on estimates and they did this for 26 consecutive quarters . Anyway I bought some more shares today . “Always buy when the majority of investors are fearful.”