Make no mistakes about it with all the turmoil in commodities MPL will become a safe haven for cash from the big boys.
The following cost cutting will materially increase shareholder value beyond belief in the short/medium term:
1. Removing middle management that sits on top of middle management
2. Removing roles that are redundant including those where the employee spends all day on Hotcopper or watching Cat videos on YouTube.
3. Removing poor performing IT Transformation companies if they do not meet KPIs including IBM
4. Off shoring call centres
5. Setting up governance that rewards cost reductions and no dead wood extending their careers
All in all on the above, I could see the SP being one of the best ASX Top 100 shares in recent memory.
No wonder the institutions were backing their trucks up at the IPO and now backing their trucks up at a further premium.
The MPL Pacman is hungry and is going to munch his cents up and up.
Make no mistakes about it with all the turmoil in commodities...
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