The revenue from CHT dropped 33% in the 2nd half of the 2021 FY from the 1st half. The Bankruptcy administration service income has been neutral the last 3 years from 1st half to 2nd half (higher in 19, lower in 20, barely lower in 21). The Singaporean businesses are the key this year, and we should always look at the worst reasonable case as investors, because we need to be prepared no matter what.
I don't think it's unreasonable to assume that Jimmie didn't get paid as bankruptcy trustee, instead he has been paid as CEO which as the business has grown + acquisitions, has become a far more demanding job and now he wants to be paid for both positions. Again, I can't imagine a scenario in which this is a continuation of the same pay as before, but hasn't been communicated, as this is a bad look for the company.
I'm not making a judgement call on whether or not his pay is reasonable. I'm just saying it effects the valuation of the company.
I think this stock is a buy, I just think that all the OVER-positivity in these threads puts people off.
CI1 Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
(20min delay)