RE: shorts going up25 Nov 2022 14:53
Bilbo
New CEO does not need to be a manufacturing expert - he just needs to know that we need a lot of that expertise at a senior level and get hold of it quickly. I suspect a deal of that will come from Linde, possibly on a seconded basis, but we certainly need a hard-core manufacturing director.
His being an accountant - we need that expertise to make sure our tech geniuses and (new) manufacturing guys get some serious costs controls and take us towards a profit.
We certainly need a new chairman - I do not expect the current one to be there is 6 months.
And, I suppose, the odd salesman would not go amiss lol
Shorts - interesting that the big guys have reduced their positions while the new cohort of smaller players are still building theirs. That suggests there are two categories of 'smart money' - but maybe only one of them is really 'smart'.
Let us assume we have kitchen-sinked all the bad news.
We now have a new CEO. We have certainty that the 'Linde will walk away' chat was nonsense. We need some clarity that the problems are being fixed and, as you have noted, we have plenty of money to achieve that. We seem to be towards the end of the bad stuff.
So now we wait for Linde to announce some new contracts (need to be of scale to have a material impact) and then we can maybe have confidence that the wheels are back on. Won't be many shorts around then.