think you are right being oversold though the 1 step is more of a leap and a backflip further. Sure might be up overall for year but that was off a recovery in first place from poor handling of the synlait situation. It took a while to get close to price at early 23 again and then still was barely able to surpass. The gain you mention, might be lucky to even to get back to where price was on Friday at this rate and that will take a long time if similar to last year. Who knows what other stuff ups they can make in the next year.You said it yourself, there is no capital management, for which they have had 4 years too sort something. Alright 2 given can possibly write off first 2 years given needed to repair and reorganize. Now, where is the indication that this will change? There is no plan still and doesnt look like will be one. At the end of the day, the management still get paid a massive salary. They have no skin in it, never bought shares or anything. They can walk away tomorrow. At some point have to say this is not good enough. They cant just keep recovering from poor handling.
excuse the text being bold i hit a key and not sure how to fix.
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