jane was spending money for long term growth. the boards doing anything it can to maintain short term growth bad bad bad in the long run the nestle will out spend them and take market share long term
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He's getting old, is why he handed the role over and needed a break after so many years working his butt off for shareholders. Jethole has a truly appalling track record for customer satisfaction...what would the CEO of such a poor company possibly know about building a premium brand !!
He's back and freshly energised after a lengthy break. Those are the best words shareholders can possibly hope to read. Back to disciplined strong growth is eps.
David Hearn not ruling out the return of the CMO. Says it all really.
Ebitda is up and as expected which create strong trend opportunities for Instos and experimence Traders, Shorters are already up and try to press the Sp down from the last AGM, without shorters the Sp should have been 16-17 by now. I expect the Sp will bounce back to 14.30 once ASX open and hanging on from there. We even have an experimence top CEO.. ohh good old Geoffrey ... I love it .
I reckon this adds to the picture
Babbidge said
"I recognise the positive changes that Jayne has brought to thebusiness and will continue to pursue the strategies and plans developed bymanagement and agreed by the board,” he said.
I'd read that as her NOT adhering to the strategies and plans developed by management and board. Probably reading too much but the comparison is so clear.
Actually 160k now but it's all academic as it's only on paper and I'm very well seasoned for these situations, in fact I just shake my head at the panic merchants and laugh(No offense meant to you Balance) You got lucky with your piggy call as you had no idea that today's news was coming. PS-I will most likely have my regular glass of A2 with Canterbury Cream added as per normal.
They have plenty of cash to entice a top notch CEO.
How many shares does Jayne hold and might bail on ?
After reading and listening carefully this morning after being angry and upset has calmed me a bit and I've come to the conclusion that most likely the Board and the CEO had a huge falling out. The Board has certainly listened to a couple of major NZ instos here who did not agree with how the company was run internally. I still believe that Jayne's strategy is the way forward for ATM but has let herself down in the execution perhaps. Geoff has done wonderful things for this company but personally I'm not a 100% convinced that he is the right person for the next stage of A2 world domination. He probably knows that too so he was happy to fill in the interim.
In the meantime I'm keeping my ears on the ground if this is just the start of more bad news to come or if it wast just a complete breakdown in relations at the top and the wound has been cauterized and we can move forward.