If the market takes CEO/management at his/their word - then Woolies should be in the rear view mirror. That would lead to a big rerating I would think. The previous CEO got a pro rata portion of his LTIP when he stepped down, which I doubt the board actually had to do. So - anyway, no matter what - the CEO benefits from a higher SP and higher ROIC when he leaves at mid year, just after the end date for incentives I presume. I think he would have left immediately or earlier if the situation was hopeless.
So the incentive circumstances lead me to take the CEO / management at his/their word!
All IMO
ING Price at posting:
$3.28 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)