g'day Reiner.
I totally agree & endorse your comments:
##Reservation: in buying a company you also buy an entrenched culture of practises and have to find lots of "practical compromise" starting from the board and management DOWN
(part of my real life job - impact of established practises and "cultures" on company performance and evaluation)##
having run a compny & been involved in take overs, I know that is spot on. BIG issue, apart fropm all the other obvious ones.
Overall, I am doing what I said a while back if any such thing happens to any of my major holdings: I am doing a complete new DD starting with a clean sheet on FML & of copurse on CRE & then try & see what they look like together. CW posted on CRE board he is doing the same. I'll look forward to comparing notes when we are done. It will take me at least until after next weekend I expect.
This clean sheet approach is what I learned at great cost to myself, by NOT doing it when OXR took over ZFX.
Once done, the outcome will tell me if I hold, buy more, sell some, sell all.
Right now, I'm not thrilled with this acquisition, but I will do the work before making any serious comments (or any decisions on my holdings), other than the above on Reiners clever observations.
cheers,
ned.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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3 | 104622 | 0.135 |
4 | 97732 | 0.130 |
3 | 35576 | 0.125 |
3 | 95333 | 0.120 |
Price($) | Vol. | No. |
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0.150 | 30000 | 1 |
0.155 | 12500 | 2 |
0.160 | 7300 | 1 |
0.165 | 59753 | 5 |
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