Feel your pain Jack but it is not shareholders we need support from, its the buying public and institutional funds.
The whole reason around the reconstruction was so that we will fall into the investment profile of these funds (or so the story goes) as a penny dreadful company that is at now 1.6 cents would prevent such investment.
The problem is no contracts are making good money, costs will continue to rise under this current government and one would think the only positive is the low Aussie dollar but that is out of their control.
They never talk profits only ever cash flow.
I do think that there needs to be some pressure placed on the Board to not provide Mark with any bonuses in order for the Board to at least save a little credibility.
in reality we are only a small disaster away from being insolvent and I am sure this is not lost on these funds who seem to inexplicably stay away from investing in Quickstep.
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Feel your pain Jack but it is not shareholders we need support...
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2 | 110889 | 0.180 |
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