Guys I feel sorry for you, but I got sucked in worse. I bought on the back of Gordon McKern and Jeff, everything running great. I'm talking big $.
Then second major shareholder Powis (see Powis Enterprises AKA Andrew Powis CEO), creates a coupe, gets rid of both of them and gets made Group CEO.
Upsets all subsidiary management by removing all autonomy and instilling a divisionalised communistic rule approach. I am the Group CEO, I want to review everything, tenders, contracts, payments, when you go for a crap.
Naturally, all the best people left.
Since then it's been recruit managers, make the decisions for them, and fire them as scape goats, when the numbers don't come.
A milestone is coming if I'm not mistaken. The lease property that National operate from is coming up for renewal for another 5 years. Will they renew or cancel ??
If they cancel they have to right of millions in purchase price and mega redundancies. If they renew they are locked into a major lease for another 5 years with loss or profit. To date maga loss through buying work.
My view only, DO YOUR OWN RESEARCH.
Olesarge
Sorry, just changing headings.
EVZ Price at posting:
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