What we have been told is that the company needs to be simplified. This involves selling off one third of the business by a board and management team that is accountable for the value loss led by an unelected chairman and other unelected directors who do not feel any need to let shareholders have a vote.
This can lead to further selling off of assets at a time when every else is dumping there’s. This could see some of them sell at at 60% to 80% of book value.
Given this as potential strategy, no need to improve business model. And reading this forum, many seem to hope that break up/sale is what happens.
Last chance for cheapies?, page-67
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