new hope - what are they up to?, page-64

I have been a holder for many years back to Arrow days. I was always comforted by the fact that NHC was on the shareholder list and had held them in the past as well.

NHC and its stable of companies have been very successful over the last 10 years or so despite having had the blow torch put on them from time to time. Board direction of NHC and its stable is very much mainstream Sydney. Yet most of the money made recently has been in energy in Queensland. I can see why they have stayed on the shareholders list. They certainly have not had their expectations met. Promises broken who knows?

I am intrigued that this has come to a board fight. Some serious breakdown of relationship must have happened. It is not the style of this stable of companies.

I don't expect takeover but the message is new strategy and better execution is on offer from a new set of 'heavyweight 'directors'.

May we all live in interesting times and finally benefit from our investments.