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30/11/20
13:46
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Originally posted by jace.h:
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If anyone needs another example of the large shareholder causing value destruction... I still remember the Board rejecting COG's offer of $82m for the Business Finance division back in September 2019. Based on the September 2019 accounts, net assets for this division were $33m (it was $48m in the March 2019 accounts). COG were offering a decent premium. This division now has negative $13m of net assets based on the September 2020 accounts. Altogether, we're down circa $100m because they didn't sell for a premium ($49m) and net assets have dropped significantly ($46m). So please vote 'em out while we have the chance. And quickly - meeting is this week.
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where to vote please? I am a shareholder not long ago. Thanks guys.