Husband and wife team using the same nick:D
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Husband and wife team using the same nick:D
Twitter the other day
a2MilkUK (@a2MilkUK)
13/11/18, 5:44 AM
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Very dissappointing that an otherwise good company result would be shafted by a pre-announcement that the CEO intends to flick her entitlement shares again in 2019 when they vest, albeit paid out by a share buy back. This beggars belief, have these muppets got no idea about managing investor sentiment?
There was one a time when employees were given stock in a company to ensure their interests where aligned with the outcome of the business. Now some folk just want to ditch stock to get cash asap, rock up late to the party (after the hard work was done) and demand a pay rise.
Someone is trying to milk this thing. If i were a shareholder, I'd be pushing for a vote to get rid of the cow.
I watched almost the whole AGM and the cold response she gave about selling her shares again due to "tax obligations" was just unbelievable... despite the whole media pessimism/sp drop on the previous selling,she just does not get it and why would you? Also the chairman spoke about how "difficult" was to get her on board as if he got the "kohinoor" of CEO's...i am still not convinced on the reasoning of not giving cash instead of shares(when you have a truck load and not being distributed...)
The last interview about her selling of shares on Bloomberg for "tax obligations"....
https://www.youtube.com/watch?v=lByBtCKM98s
For investors like me ...the sentiment sounds very negative and my patience is certainly being tested.
She's selling shares in August 2019- how does she know what her tax obligations are already. Isn't she on some sort of pay tax as you earn now?
There's lots of possible reasons other than PAYE tax obligations, but to forecast the CEO's intent to cash in her performance incentives for whatever reason so far in advance is just incredibly naieve, imo. She has shafted an otherwise good company result and this behaviour is vindicated by the Board and Chair! Good grief. I agree with the Beagle, the "optics" on this are really bad. They've screwed-up again, digging an even deeper hole that will dog them until at least the next performance announcement.
Have they no idea, this is basic stuff - a CEO or other insiders forecasting their cash-outs will always rock investor confidence. Without that confidence they have to outperform every quarter, right when growth performance would otherwise be acceptably declining as growth off a high base settles into a sustainable pattern.
I'm still invested but I am worried about how they will mitigate this appalling gaff. They seem to have no idea how to manage investor sentiment.
I voted no for everything yesterday. I still think Beagle should be CEO. But we got what we got, then on the other hand we know what to expect. What is lickers next payout...$2 or $3m?, and what was their profit again? Was it $200m or so? How much did they say they had in the bank $300m or so, correct me if i'm wrong. I don't agree with what the Licker has done, but $3m is not a drop in the bucket, probably more like a half a small cup in the bucket. I can live with a half cup, whether she deserves it or not is another story.
It's actually more of a bad reflection on the board than on Herdy. I mean those shares are hers and if she wants to sell them that is her choice. It is the board that issued these shares to her without any escrow so responsibility rests fully with the board. I think you have a board that has lost focus there. I would be looking for a refresh if this type of remuneration keeps being granted.
I am a bit disappointed in the final voting results. While accepting that they would all be passed I thought the against votes would be higher with the board members resolutions. The results don't reflect the dissatisfaction of shareholders in the company evident here and supported by reports in the media by various commentators. They won't learn anything from them, sadly.
hammer time today hopefully
Interesting article - US farmers doing the same as Fonterra in complaining about the A2 story and false advertising.
http://www.sharechat.co.nz/article/c...cer-group.html