Unfortunately as per the appointment and as you pointed out the new CEO doesn't take office till late Jan and therefore the uncertainty remains. Broomfield has been a rather unimpressive manager of this company and some of the head scratching decisions have created the drop in the SP. The lack of follow up on the IMOD contract, sale of the services division, empty promises on Aura IQ and the acquisition of GJD which may pan out in the long term but strategically rubbish decisions have led to the decline in SP. Having said that, there still seems to be an appetite for the company at a price point around 13 - 18 cents what a load of bollocks. The price of the takeover of Maxsec was at 10 cents and we aren't far above that despite the good work done earlier...
AVA Price at posting:
18.0¢ Sentiment: None Disclosure: Held
