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15/12/16
14:45
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Merchant Funds put out a media release :
MFM Managing Director Andrew Chapman said it makes sense to invest the Company’s cash in new opportunities rather than fund the existing 1-Page business which has yet to deliver returns to shareholders.
“A lot of money has been poured into 1-Page’s talent acquisition business for more than two years now but we are still yet to see the results,” Mr Chapman said.
“You need to look no further than the Company’s share price performance this year to know that the stock market has rejected the 1-Page business idea.
“We believe it’s now time to invest the Company’s funds in new business opportunities. It’s not about distributing the cash to shareholders – we want to see those funds invested into business opportunities that will generate near-term profits and value for shareholders.
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