It will be interesting to see where the news of Glenn Wallace's resignation takes Norfolk. Was he pushed, did he see the light and realize that (IMO) he had decimated one of Australia's oldest electrical contracting brands, or is there another angle?
When GW was in charge of ODG through Tyco (prior to NFK being born and subsequently buying ODG) a similar thing happened. Is this a ploy to destroy the share price and then rebuy the buisness for a quater of whet he listed it for???
Time will tell.
NFK Price at posting:
54.0¢ Sentiment: Hold Disclosure: Held
