Ann: Investor Presentation - May 2019, page-74

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JanosN

127 Posts.

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16/05/19

17:42

Post #: 38600852
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Originally posted by vontrader: ↑

@SuperWealthy

I have addressed this numerous times in the past few days. Do you understand someone's opinion of a business is based on it's fundamentals and performance and therefore that changes with time ?

Q4 was an absolute disaster and they deserved the shellacking they got. Their busiest quarter they achieved relatively flat growth, they appointed PAC at 22c and let them sit silent for 4-5 months, there were no communications to shareholders or worthwhile updates and the stock dropped 60% in a quarter to all time lows, not to mention was facing the potential of a CR

My opinion didn't suddenly change overnight. The minute they announced the debt facility I gave them kudos. Same thing as soon as I heard they appointed an MD with clout, appointed a marketing and communications team, finally got PAC road showing and doing their job. You don't seem to pick up on the fact that everything I was lobbying for and saying would result in a higher SP, is slowing coming to fruition and surprise surprises the SP is rallying in tandem

If you saw my post from the other day, I clearly said "I have lobbied for new management for months and months, but I am man enough to congratulate them on recent efforts and progress"

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Von,

ignore the noise keep questioning and being critical. Find it hilarious your getting grilled for reassessing your views as the fundamentals have developed..

I value your commentary greatly since it's hard to find people who are willing to question/reasses your views and encourage accountability at the board level.

I'm right there with you, outlook has changed, all you have to do is read the recent market update and investor preso to see a shift in the BODs behaviour. Which I'm attributing to Gerard shaking things up..

cheers,
J

SP3 Price at posting: 19.5¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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