FBR 2.22% 4.6¢ fbr ltd

I hate it how their cost base has just exploded.They have 2...

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  1. 820 Posts.
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    I hate it how their cost base has just exploded.

    They have 2 CEO's, global one, Mike Pivac and Aussie one, Simon Amos.

    They have 2 COO's, Mark Pivac and Sheridan

    They have 2 CFO's, the new one, and then the old one who has now been assigned to doing financial modelling for global initiatives?????

    They have 2 Investor Relations - Kiel and Rachel Brunet, yet they can't reply to anyone.

    They have 2 sites, costing a truck load,

    And only 2 HX's FFS.

    This set up was a great show of confidence in their future plans and I incorrectly assumed that good things were imminent.

    But they have snookered themselves now, they can't really cut any heads now because they don't have the cashflow to pay redundancies.




 
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