RE: Board are useless13 Jan 2019 19:25
The shares were in that sorry state before he started. The company was pretty much broke. No investment in internal infrastructure in years, Daft investments in the Middle East and consultancy firms. A belief that public outsourcing was going to continue on the up. Bundled outsourcing by councils would continue, etc.....
1p a share was correct and they chose not to accept so it was sold to the banks the same day. After that it recovered with some sound management and investment. I suspect Kier will end up doing the same. Like Mouchel there are more elephants in the room than you could suspect!
I hold shares in Kier and Woodford so not happy about developments but know quite a few of the facts.