I thought Kohler did a great job with Sunday's interview - it was a masterpiece of subtlty.
I know people don't think he asked a lot of hard questions, but he didn't need to.
By the end it was obvious Michelmore had made incredibly poor long-term decisions regarding Avebury that were out of date a month after they'd been made.
The interview also cast light on Michelmore's personal interest in the Minmetals deal, given he expects to keep the job as CEO. It all started to look a bit too convenient for a CEO for whom life would clearly go on despite incredible stuff-ups. A quick cash injection from China and he'd be back at it again, albiet under new ownership as if nothing had gone wrong.
I especially liked when Kohler asked what the Chinese were like when it came to corporate governance, then quickly added something to the effect of 'who reports to who' to mask it a bit.
Anyone watching would have got the message.
OZL Price at posting:
63.0¢ Sentiment: Hold Disclosure: Held
