My opinion:
- Ventia has a poor relationship with some customers and struggles to win contracts.
- It was created a few years ago for the purpose of being flipped.
- The CEO has worked there a few months, straight off the boat from UK and has already got 30 million dollars or something from this listing (he's done nothing).
- CFO is an apollo plant.
- The company has never had a good CEO.
- The best leader they had is leaving the business / retiring.
- When Ventia acquired Broadspectrum from ferrovial, the company became more Broadspectrum than Ventia. The issue is that Ventia's contracts run leaner and make more money. Broadspectrum is the opposite.
IPO - Ventia Services Group Limited - 25 November 2021 12:30PM AEDT ##, page-28
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