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Ravenna23

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26/10/23

19:31

Post #: 70562079
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Originally posted by Ravenna23: ↑

Having lost the dollar equivalent of a decent new car on my one year investment in Eden I am starting to wonder where I went wrong. A new Chairman brings in a star CEO to turn things around. He in turn is empowered to appoint a whole new management team to deliver his strategy. The problem is that despite huge incentive packages two of the key appointments joined, took a good look, and walked away. Perfect hindsight says that this was the point to sell. The CEO has talked a good game, but as has been said before, after May it all came crashing down. Appen has continual disclosure obligations so that if things were any better, or any more dire, we should have heard something. There is no new CFO, so I am hoping, but not expecting, that the trading update next month will announce an appointment along with guidance that trading is starting to improve. Regrettably the history with Eden does not suggest that no news is good news. Anyone who has seen the decline of MFG will note that huge incentive packages do not always deliver results. When a company is in decline the best people leave and the overpaid stay. I am wholly disappointed. Never too old to learn.

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sorry for some reason Appen was changed to Eden.

APX Price at posting: 90.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 51.0¢		Change 0.045(9.68%)		Mkt cap ! $112.6M

Open	High	Low	Value	Volume
46.5¢	52.0¢	46.5¢	$1.416M	2.874M

Buyers (Bids)

No.	Vol.	Price($)
1	1185	51.0¢

Sellers (Offers)

Price($)	Vol.	No.
51.5¢	65875	14

View Market Depth

No.	Vol.	Price($)
1	1257	0.510
3	72700	0.505
9	178197	0.500
7	256873	0.495
4	19224	0.490

Price($)	Vol.	No.
0.515	65375	13
0.520	157710	7
0.525	63361	5
0.530	24379	6
0.535	58000	2

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