Another company where the BOD & CEO need a change… sometimes they get dirty like diapers and need a fresh one!
IHL used to be big bet for me as some of you may know. IHL helped me switch orbits so I will fondly remember that. Then my biggest holding became RAC as we had good mgmt & BOD and we were firing all cylinders. Then we hit a bit of a pause… now we are getting back on track.
I have learned an important lesson - you don’t have to make your money back exactly the way you lost it. If you lost investing on A, you can make money on B, C and D. But if the mgmt at A is making poor decisions or they don’t have a great product-market fit, just being stubbornly optimistic doesn’t help your prospects.
Whenever mgmt makes a big decision such as to dual list a company for no apparent reason, or they are focused on the ST SP etc., each is a big red flag for me and I quickly head for the door.
All said and done, in a couple of weeks/ months someone will again mention US listing. Such is life
Another company where the BOD & CEO need a change… sometimes...
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Last
$1.89 |
Change
0.120(6.80%) |
Mkt cap ! $321.0M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.93 | $1.78 | $563.4K | 302.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 108 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 4926 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |