Ann: CFO Appointment, page-5

First 5 Last

Share
Profile

Follow
jimk3758

23,799 Posts.

83

21/09/17

14:11

Post #: 27370785
Share

Originally posted by Grant62 ↑

Quite a step up from working at sub-CFO level (was in the Controller's position, not in the CFO's position) to now working in the CFO position.

Equally so, going from a workforce of 400+ to (at last count), 1140.

About the only similarities involved relate to both industries being highly regulated - electricity (industry) vs legal (profession).

Via the Alinta workout, has had some exposure to how private equity works, but here, one is not talking of private equity, as opposed to distressed equity (hence, private debt control).

Mind you, one potential conflicting argument - working in "dirty" coal vs now working in respect of a business that could possibly represent former workers from "dirty" coal (as AGL puts it) in future matters. A bit working both sides of the coin (both "heads").

Not really therefore a comparable replacement for Houghton, but arguably probably an equal to Brown (sans the ASX experience, but plus some restructuring participation). Work will therefore be cut out here for both Stephens and Nucifora. Expect the replacement board therefore to wield the "real" control and influence.

Expand

I'll take dirty coal over the dirty legal profession any day. I'm doing well with WHC stock and Newcastle Coal Infrastructure Group bonds.

Last edited by jimk3758: 21/09/17

SGH Price at posting: 7.6¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

LRD

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Bitcoin jumps 8% to beat record on Trump vote optimism

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

There are more pages in this discussion • 27 more messages in this thread...

First 5 Last

Add SGH (ASX) to my watchlist

Ann: CFO Appointment, page-5

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Bitcoin jumps 8% to beat record on Trump vote optimism

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Featured News