Originally Posted by
Unicorn
I can understand the share price being at this level, and still falling. The AGM was incredibly badly managed, so a number of additional investors will have been encouraged to exit - and nothing has been done to attract new investors. Share turnover has been low, because there has been nobody to sell to, and momentum is firmly set towards the downside now. I would not be surprised to see the price slide further until someone in Head Office wakes up and does something useful or until it is ridiculously oversold.
The AGM was not only a lost opportunity, but also a poor reflection on the abilities of the new CEO. We now know he has failed to effectively manage an AGM, and we know that he has not delivered anything to shareholders from the record oil prices and the higher than forecast Tui production. It means that the hopes for a new, vibrant, shareholder centric focus for the company are fading away.
More than ever, the value is there. But more than ever, management are making a hash of it.