Ann: Becoming a substantial holder , page-14

  1. 5,980 Posts.
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    I disagree Wild Bill

    Andrew Price has been looking to become involved for almost 12 months and called for a EGM only to lose , he then go didnt go away and went out to spend reportedly up to $100,000 of his own money to due diligence all around the world looking at the business

    After that he joined the board , others resigned and a new board was formed , good way to save money and avoid another GM

    The chair bought shares , Schroders were taken out , a new large shareholder arrived and now I see A price is in North Hampton again .

    He is reported as not needing the money so his motivation sounds like seeing the benefit of a rising share price and profitable business as common motivation with shareholders , where as the previous board seemed to be more focused on their salaries and keeping jobs than delivering profits and shareholder benefits invested in PPX .

    I agree the half year will be a loss , but I believe it will be a significant improvement , maybe less tan 12m but clearly in the right direction
 
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