Whoo! Bit of a bombshell. I doubt it’s chances of success, but it does suggest some significant dissent - will be interested in its reasoning which presumably they will supply to attempt to get us onside. Looking for a positive here, I’d suggest it’s going to pressure GC to make good on his current promises/forecasts. Of the guys bringing this action on, I find it hilarious that Glennon Capital is amongst them. Xavier Glennons LIC would have to be in the worst 5 % of LIC’s. I endured his pain for 5 years before saying enough is enough. He couldn’t pick a nose, let alone the 5th at the Birdsville races…and shares, sheesh! I would have thought SEQ despite all its trials would have been one of his best picks, such is the poor form. But I am keeping an open mind and will listen to both sides of the argument.
SEQ Price at posting:
51.0¢ Sentiment: Hold Disclosure: Held
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