Luck or good management?Obviously you & I see things from...

Luck or good management?

Obviously you & I see things from different perspectives.

You, as a non-shareholders who, by your post on the FMS forum, has a very limited knowledge of what BCI management has achieved.

Me, as a long-term shareholder, who has seen management achieve every goal they have set.

The purchase of the extra 25% from FMG last year was not lucky. How can this be luck?

BCI management had been looking at expansion options for over 12 months and had not found anything that fitted their criteria.
The Chairman, Tony Kiernan, suggested that FMG be approached with an offer to buy out its 50%.
He asked the question: why are we looking at other prospects when we can buy more of our own business. No due diligence required, no hidden pitfalls, no start up costs, no legislative hoops to jump through etc.

FMG agreed to sell 25% and continues to hold 25%.

Sure, the deal was negotiated at a time when FMG was in a weakened position.

But luck? No. Opportunistic? Yes.

With what I have seen of BCI management, the next move will be well thought out and profitable.

And it will certainly not be based on luck.


And I speak from a position of knowledge.