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clock Created with Sketch. 17/07/21
14:03
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Originally posted by ValueWorx63:
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Their interim report will be telling for sure ... let's see whether they have once again kept any nasty little surprises hidden to completely destroy any semblance of faith in the CIMIC Board and Executive, with the goal being to have the last of the retail faithful finally give up and sell out so the major shareholders (Hochtief/ACS) can compulsorily acquire the company. If that happens then I want to see what ASIC's response is, or are they all working from home playing Solitaire, as they don't seem to have done a great deal so far to question this company's falling SP when others in the market are recovering and CIMIC appears to have a healthy amount of WIH and cash (or reduced debt) from the proceeds of the Theiss sale?The primary responsibilities of board directors to shareholders relate to their fiduciary duties , including the duty of care, duty of loyalty and duty of obedience. These duties require board directors to place the best interests of the company ahead of their own .
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Agree and with you on this. I think the Devine takeover was the test case for the rest of CIM. It must be getting harder to play down the health of the company with so much cash especially if it does IPO Venitia and Theiss.
