Time for Board to rethink the management team and their performance.
Madison is a sub-scale advice business and the oft threatened recruitment and growth (remember the commentary on having a significant recruitment pipeline in previous updates) hasnt eventuated. The CEO was imported from Madison and touted having a licensee as important to grow Clime FUA and profitability - so what happened?
The purchase of a small advice practice made no sense. Was this done so management where seen to be doing something - where is this in the strategy? Come to think of it - what is the strategy? How does Clime compete in the market they operate?
Operating profit down 95%. Dividends frozen to preserve capital for acquisitions - give the dividends to shareholders as management havent done a good job of spending it.
There has been lots of noise about "transformation and change" but this has worn thin as time moves on - we are now seeing a bloated cost base, poor shareholder outcomes and a significant headwind on profitability and no real competitive advantage in a very competitive market.
Enough management speak, show me the outcomes being generated by this team for the significantly increased salary base.
- Forums
- ASX - By Stock
- Somebody jumping ship?
Time for Board to rethink the management team and their...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CIW (ASX) to my watchlist
(20min delay)
|
|||||
Last
33.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.13M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 35853 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 68650 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 35853 | 0.320 |
2 | 66670 | 0.300 |
1 | 3000 | 0.280 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 68650 | 1 |
0.370 | 20000 | 1 |
0.375 | 21000 | 1 |
0.410 | 16000 | 1 |
0.000 | 0 | 0 |
Last trade - 16.12pm 08/10/2024 (20 minute delay) ? |
Featured News
CIW (ASX) Chart |
Day chart unavailable