BPT 1.40% $1.45 beach energy limited

management should be proud , page-10

  1. 24,386 Posts.
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    OMS,

    I mentioned quite a few times that IMHO the Management we have got, are lacking the leadership skills and the business knowledge required to run a company the likes of BPT.

    Firstly they are involved in too many companies, and as such, if they are to give the time required to run each company properly, they simply cannot do it as it should be. Too many fingers in too many pies, at the expense of the retail shareholders. At the same time though, they are collecting more and more fees.
    How many things can you do at once, and properly..????

    Secondly, they are making (as you call it) scattergun decisions, and it shows/reflects on the current sp.
    Forget what we are saying here in HC, we would hardly make a little dent on the sp price. The market does decide that. And the market is always right. Hence why we are where we are.

    Thirdly, they are spreading the money around in too many different locations and ventures (JV that is), and searching for the end of the rainbow.
    They are a bit like the dog that is chasing the rabbit. Then when he nearly caught the first one, he spots another one coming out from the bush, and he leaves the first one and chases the second one. And so on.
    What happen in the end is that the dog has given up exausted without catching anything.

    Think about it. To me it does make real sense.

    Good luck mate.

    Buddy
 
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