IME 0.00% 49.0¢ imexhs limited

Ann: Investor Presentation - 1H FY21 Results, page-11

  1. 58 Posts.
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    The value of a public company is measured by its share price/market cap.

    Peer comparison ASXME is a $6B company and IME is $40m

    The financial performance underpins the share price and IME over promises and consistently underdelivers.

    The CEO has woefully underperformed; founders often akin to the ‘peter principle’ of rising to their own level of incompetence.

    Unfortunately, the board finds itself in a position whereby the primary business is in Latin America - specifically Colombia and so appear to be impotent in overseeing the CEO and the business from afar.

    The market has reacted strongly to the fact that an incompetent underperforming CEO has lined his own pockets with a sideline business and the board has just gone along with it.

    Remember that IME listed at 2.5c in 2017 and as of this post is trading at 2.7c (accounting for the 50:1 consolidation)


 
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