The half year result is probably no surprise and continues to show this management teams weaknesses and proves they cant fix the business.
Waiting for the mining sector to improve and the strategic review just completed suggesting no fundamental changes belies common sense.
Does a 13% reduction ( 50% in WA alone after moving management to Melbourne) in the first half trade revenue following multiple reductions in previous years not start to ring some bells that the strategy may not be working????
This is following the CEOs large pay increase earlier this fiscal year!!!
My shares are now only trash value that I will now have to dump into the market and any poor soul feeling brave enough to wait for the turnaround that will never come.
Any other poor ( now very poor ) shareholders happy with the performance of Mr Caughey and his team?
Current Management cant fix this Company
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Last
$1.47 |
Change
-0.030(2.00%) |
Mkt cap ! $161.1M | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.50 | $1.47 | $39.28K | 26.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5450 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 650 | 1 |
View Market Depth
| Last trade - 15.58pm 03/05/2024 (20 minute delay) ? |
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Last
$1.47 |
Change
-0.030 ( 0.68 %) |
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| Open | High | Low | Volume | ||
| $1.50 | $1.50 | $1.47 | 172 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CYG (ASX) Chart |