RE:A complete regime change needed starting with the CFOHello Media,
Astute as ever!!! Completely agree!!!
*The usual Financial metrics never apply to ts.b because of the Voting Trust!
This fiasco
should be resolved in 2019.
I know everyone doesn't see much Value in the down stream purchases but please contemplate their almost 23% of: Blue Ant. Specifically the BOD.
The only two losers are from ts.b. ( imo )
Imagine what two guppies would feel like in the Piranha Tank :) :) one BOD eg
- Gryphus Partners Web Site:
... " We target companies whose Directors are underperforming and/or overpaid - especially those whom we believe are managing to convince their shareholders, analysts, auditors, regulators and the market otherwise, to the extent that their share price may be unrealistically and unjustifiably high. Depending upon the share price in relation to our perception of true value, we may take long or short positions. In the first instance, we are usually "engaged activists", prioritising targets where we can add value; as such, we normally seek management co-operation before reaching reportable levels, such as filing 13Ds in the USA, and try to work with other investors.
We specialise in identifying companies where the management messaging is at odds with customer and/or staff feedback, where questionable accounting policies are employed and, in our opinion, where the Board of Directors are deliberately masking the company’s true underlying commercial trends. We look for a number of other telltale signs of impending problems, such as under-funded (often overseas/new sector) acquisitions, acquisitions used as smoke screens for problems within the existing operations, weak CEOs who surround themselves with even weaker staff and companies that are run for the benefit of the C-level team as opposed to shareholders and staff - often characterised by obvious under-investment in business-critical functions/systems and rampant short-termism - for example, so that C-level payouts/performance bonuses are met. In financial services, other indicators such as a Section 166 or regulatory capital loadings attract our immediate attention.
Targets frequently satisfy multiple criteria; our goal will always be to change senior management to one capable of implementing a coherent strategy whilst installing a proper, fair and transparent culture that fuels growth. We tend also to reverse inept draconian cost cutting that is usually symptomatic of keeping the inner-circle of existing management in their jobs." ...
( Greybeard/Forklift should enjoy the first sentences in each para. :) :)
The other Ant BOD members appear very competent.
Loads of PROFITABLE history with Print Media and Electronic Expansion !!!
I wonder what they would plan as a ts.b: Solution??
Media can't possibly be the only Oracle with < 40% of ts.b :) :)
( still ) Nibbling at cheap shares and collecting divis :) GLTA!!!