Talk about skinny trading in SAR this morning.... as at 11:15am only 139k shares have traded. Where is everybody??
I know the AGM shone a spotlight on investor discontent with management remuneration and the poor share price, but it looks like we've been abandoned. Guido, what's going on??
I like that Guido will now focus on share price performance and ensuring it better reflects underlying value of the business. I know that if he doesn't, there will be another 25%+ vote against remuneration and they will have their second strike.
1 year is a long time. But the improvement needs to start today otherwise we won't get there, and nor will Guido and his team.
My views on the stock haven't changed, it's that the market is the market and if is selling a stock (or not buying it) then maybe we shouldn't either. That's what the "smart" investors will tell you... don't bet against the market.
I hope the market wakes up soon re SAR!!
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