Share price development is not the worst indictment of Scott.
In 2016, Decmil bought a business called Scope for $1.5 MM. Who was the seller? Scott Criddle. Decmil then sold the business in 2017 for $0 MM to Pritchard Francis. Yes, you read that right, the company bought a business from its CEO and had to give it away the next financial year for nothing. What was the explanation? The business was no longer "core" and the company did its best to sweep the whole affair under the rug (got a one liner in the annual report). Think about that for a minute.
I am amazed that this went unchallenged. Does not speak highly for Australian capital markets.
Bottom line here is that it does not matter how he did his job (though he sure seems incompetent as well), but that Scott is a crook.
Ann: Board Transition Process Begins at Decmil, page-24
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Last
29.3¢ |
Change
0.003(0.86%) |
Mkt cap ! $45.50M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 29.0¢ | $91.22K | 312.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2725826 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 842274 | 6 |
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