The problem with Noon’s lack of outcomes is that the shareholders have created the monster and he feels bulletproof. Before the AGM vote I had offloaded a large percentage of my BML shareholding but my “Against” vote for the Performance Rights still accounted for over 10% of the “No” votes. Apart from those who could not be bothered to vote, the rest of you thought it was OK to give Directors free shares with no share price hurdles attached to them. You should not be surprised at all that Noon feels no urgency to deliver results.
BML Price at posting:
20.5¢ Sentiment: None Disclosure: Not Held
