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Ann: Preliminary Final Report, page-145

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RobertMcCall

77 Posts.

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31/08/21

16:13

Post #: 55719606
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Originally posted by Hudgo: ↑

The massive growth from 2020 makes 2021 not so exciting, but if they had grown at half the rate in 2020 and then the rest in 2021, then everyone would be very excited. Overall the growth from 2019 to now is phenomenal. If you grow too fast it is not always good, as you won’t have the right people to support the growth. They have done well to maintain 2020s revenue given all the acquisitions and covid upsets. This company farms debt and makes a good profit. They have a bright future if they can get the help of the right people along the way. Jimmy seems to know this and boots off anyone useless pretty quick, and as most people that you employ are useless, (and you will never know they suck until a few months have gone by), a CEO who boots out people regularly is a good sign. A company is only as good as it’s people. If you have a brilliant team, it doesn’t matter what challenges they face you will probably still get a great result.

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So booted off Clee Will and Joel.....because? Wanted to improve the business? Do things properly, improve share price or had perhaps they didn't like something they found?

CI1 Price at posting: 1.3¢ Sentiment: Sell Disclosure: Held
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