Sitting north of $10 and all were so pleased with their holdings and some even calling for Al to be PM.
Now for reasons well known the SP is ugly. So to are calls for heads to roll.
The communication is everywhere- significant falls in reo prices critical.
- the court case critical.
- the second court case not so much.
- global market falls around the usual and banking sectors.
- Kal is over time and budget (surely anticipated in current climate of inflation and personnel issues and costs)
- heavy losses from plant disruptions to water supply (what next - can happen again such is Malaysian infrastructure)
Little wonder SP is copping it - as is say PLS whom -are making big $$$ and many others.
Flipside is
- appeal lodged ( historical outstanding corporate social responsibility to locals and M economy)
- JARE backing continues.
- supply chain - shipping constraints - opex improving greatly.
- quality team remains in place. The same team that has delivered in spades - in incredibly difficult environment both in Malaysia as always and Kal. The US progression continues - remember that and the cash handouts to boot - the keeping of IP - hands off by management.
In 18 months the plaudits will return as the SP reaches new highs.
(20min delay)