CGP 6.78% 6.3¢ consegna group limited

profit take?, page-9

  1. 7,708 Posts.
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    Koolkat, i dont view it as a loss to CGP shareholders at all that they sold 75m shares in IMU, they still retain 25m shares.

    I view this management team as very professional and very pro active, they have the right team in place to go places.

    Management have adopted a risk management strategy by
    1) selling the shares in IMU,

    2) more importantly, this current management have reduced net cash used in operating activities from Jan - June 2013 to $500k from $2m in the previous half year. A decrease of 82%.

    If you have a look at how much management salaries are, they are amongst the lowest I have seen on any ASX listed company. At the early start up phase this is critical imo. Full marks to management.
 
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