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09:23
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Originally posted by 618:
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Agree - and I essentially made the same point to the company. While it isn't the board's direct responsibility to worry about sharemarket behaviours and general trading actions, part of the key mandate must include maximising shareholder returns since their collective salaries are paid out of shareholders equity. As far as I am concerned, "maximising shareholder returns" must include addressing price dislocations arising from potential market concerns/expectations. After all, shareholders (owners of the business) can only unlock value in the company by selling their shares on market. So if the company continues to perform but the market continues to discount it, it is only prudent that the board seeks to try and understand the underlying concerns or issues the market may have with the company that may explain for the huge discount. And if all else fails, then the board must also at least explore various options to close the price/value gap.
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I also made it clear to the company that I have been a holder since 2005. So it isn't as if I am here to agitate for a quick buck and then bugger off into the sunset.
(20min delay)