OPA (ASX) Smoke, Mirrors and Half Yearly

Originally posted by Alex999: ↑

I know I’m a bit obsessed about it, but for me it’s an extremely important part of the factual matrix in
* understanding what happened
* whether I can trust management

To explain my whole investment philosophy in following stocks it’s simple: it’s the little things that really matter
I try and pick up on little things first
(like Anthony’s unexplained or incoherently explained Board resignation after long time on Board was a bad omen of trouble ahead, which proved correct)

The 12:08am text message may be a very little thing to some, but to me it’s a big little thing

* 12:08am is an incredible time to text someone because they’re probably asleep
* it’s very surprising to send to JB’s wife

Now remember at around 5pm only 7 hours earlier, JB we now know had been forced out as Chairman because Dyer says it was a choice between JB and Guy.

* JB says it was “harassment” of his wife. Guy says it wss a “personal message” and not abusive
if you take everyone at their word as telling the truth as they see it, I reach a very ugly conclusion

** I think was a personal message alright, not abusive, but rubbing JB’s nose in it what had happened earlier. **JB’s wife was on the message because as the “better
man” who had triumphed in the corporate battle just before, and Guy wanted to humilate JB to his wife too, **The timing of the message at just after midnight was a further fu__ you jack.
**No wonder it was received as harassment, no matter what the message said, which might have included overtures to JB’s wife “love you” etc - after all Guy was proven the better man that day.

Everyone can make their own guesses about the 12:08am text, I’ve made mine.

if there was nothing else but this 12:08am text to go on, my interpretation makes the stock a massive sell. Because my interpretation Guy is a complete and giant fu__case.
And I don’t invest a cent with such people as CEO

Expand

I personally use the investment checklist: https://www.amazon.com.au/Investment-Checklist-Art-Depth-Research-ebook/dp/B005OYGOZW

These two sections of the checklist might be of interest to you:
Assessing the quality of management - competencies: how management operates the business
Assessing the quality of management - positive and negative traits

I would not read too much into the SMS episode, there are too many assumptions that you can't validate or invalidate at this stage.

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