What we have been told is that the company needs to be...

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.