Ultimately, I think this decision reflects acknowledgement from the Board that i) the share price journey over the past few years has been abysmal and ii) that the level of engagement with shareholders (and subsequently investor sentiment) needs to change.
Given shareholders appeared to have major concerns with management, the market may welcome this news...
I hope this is a turning point for Halo. As the new CEO, JT has a major opportunity to re-connect with shareholders, bring the company into NPAT profitability, reset relations with investment funds, and return to a A$100m+ market cap.
I believe JT will be a strong new figurehead for Halo and increase the level of engagement with shareholders.
Let's see if he executes it.
HLF Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
