takeover please, page-3

A little harsh Patrick.

You wrote: "A lot of people seem to love this new management team, but everything they said today just sounded like last year, and the year before that (proclaimations of a bright future and an excessive use of the word "strategy").


This ia hardly LDM and DV's fault. They are different people and were not there last year. But as a shareholder, you and I were. The one discerning thing that tells me that this management spiel is quite different to the rhetoric of their predecessors is their attack on corporate governance, remuneration and process. If you read between the lines, this is a subtle reference to Fowler and Co. That in many respects forms a plan and solution. When you build a house, you usually do not do so without a plan? DV even went as far as saying that previous management could not be happy at all with the situation that had evolved under their leadership?

I would suggest that you at least give them a chance.I certainly will. That does not mean that I love their management ....yet but they are at least making the right noises and implementing the appropriate actions.