Ok, one was a bit of fluff but, still news. The other was a actually product release.
I'll say that real slow...they actually came out and released a NEW product!
Seriously...for the love of Pete! Why and how does this not get released to the ASX. The press release was made. I have a feeling that some people inside the company want to tell the market about this and even more news about Codan.
However, the board or management at some point said no. If they didn't say no than they can't be bothered to care. Or worse...and this is becoming the real concern for me...They believe telling the market and shareholders about things that are going in the company aren't important. "we ONLY NEED to RELEASE OUR NUMBERS every 6 months as per ASX listing."
The first day of CEO/Chairman school...they tell you to let everyone know if the company is doing something good.
How don't they do this? Why aren't they updating the market and shareholders as to what the company is doing?
Sorry, I don't care if it was on the company website...or that this isn't a 50 million a year product. What's worse...I found out this actually went on sale in Dec so the product was ready months earlier?
It shows the market that the R&D spend (which I now HATE!!!!) is making new products. If you're not going to do a share buy-back at these levels and instead...put the money back into R&D...then at the very lest. show respect to the shareholders that the money is doing something.
The disdain the Board and management have for the market and it's shareholder in mind-numbing.
CDA Price at posting:
66.0¢ Sentiment: Buy Disclosure: Held
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