SEQ 1.30% 38.0¢ sequoia financial group ltd

Ann: Divestment of 80% of Morrison Securities, page-35

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  1. 5,665 Posts.
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    You raise my major issue with management. They dont behave like astute investors. I love companies who work out cheap and do buybacks. These guys just dont at really any point - they may dip in buy 100k and then just stop. Almost like they are scared that they will run out of cash.
    I dont understand it.
    I must say I am bit confused, why hold 20% its a nothing number you cannot stop a special resolution. cannot stop yhe sale of the business.
 
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