Ann: Letter to Shareholders, page-100

Who was it that was bitterly complaining that the Chairman hadn’t done presentations to stockbrokers and fund managers. The CEO has certainly been putting in the hard work.

Like most things it takes a little time. At some stage a lot more of those institutional investors that LC presented to will turn up.


I remember many years ago when involved in the tourism industry , our marketing manager/ceo took a completely different approach than everybody else in the industry.,He focussed almost entirety on EU and ignored Japan. The rest of the industry was 100% focussed on the Japanese market. When the Japanese market collapsed, we were standout performers with our hordes of high spending EU visitors. Big spending Germans were especially profitable.

Unfortunately the mob had lynched this marketing genius before they saw the results. Just like many resident experts on Hotcopper are wanting to lynch our Chairman.

I imagine those posters who complain most , are all very experienced and successful entrepreneurs who have founded many successful companies and created immense wealth before taking up full time positions as Hotcopper commentators.