whilst management and the Board are not directly accountable to shareholders for the market and share price, they do have a statutory duty to act in the best interest of shareholders and keep sh adequately informed.
This extends to issuing relevant views to the market on the sp in these circumstances of the share price halving multiple times and in turn the destruction of shareholder wealth albeit we expect temporarily.
it’s good enough for sp optimism to be expressed by the past CEO in interviews with sp guidance in double digits in recent years. In turn when the sp has collapsed as now the market should similarly be informed of the Board’s view; without some reassurance the sp free fall is likely to continue.
JLL Price at posting:
77.5¢ Sentiment: Buy Disclosure: Held
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