AJL 0.00% 1.0¢ aj lucas group limited

poor sentiment, page-11

  1. 763 Posts.
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    Stayer, thanks for your post.
    AJL is an enigma!
    I honestly think the space they are in is the business environment one would want to be in for the future.

    Having said that, any business needs the management to make the right strategic decisions for its mere survival, not too mention shareholders returns, but history has shown that the management steering the ship at the moment, and for the last few years, have made some terrible decisions, which, we shareholders end up with the short end of the stick.

    Mr Campbell made light of the bonuses paid to his senior executives by saying that as long as the company was going forward and shareholders were being rewarded, he didn't care how many millionaires AJL made within their structure, it was a win win for all concerned.

    What a load of dribble! We shareholders have seen the value of our holdings explode. From the time Campbell made that comment, our share price has gone from high $6's to its current, shocking levels. I wonder if the executives who received the bonus payments might like to reward us shareholders by reimbursing some of their "money for nothing" to the people who keep putting their hands into their pockets, namely us shareholders.

    Stayer, I am a holder of AJL and have been for a number of years, and yes I am talking through my pocket, but then again so does eveybody who gambles, the sharemarket is no different. But as a shareholder I at least have the opportunity to voice an opinion, and from my point of view Campbell isn't the one for me.

    In my opinion he has run AJL more like a private company rather than a public company, and he and other senior executives should be held accountable for their actions/decisions. But instead they continually blame external factors, out of their control supposedly, for all the negative information they are providing as reasons for poor fiscal and general management of the business.

    In my opinion a company like WDS has more upside than AJL, but like you, I will continue to hold in the hope that there is an end soon to AJL's very very poor performance
 
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