Look, I think we can all agree that Laurel's performance was an absolute...balls up.
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Might have to top up on Sky if the SP keeps trending down...
Keep it clean, jerks.
SP surprisingly weak. I am considering investing a little more money in this.
There was a cross over with the background music.https://youtu.be/AO43p2Wqc08
grabbed another 80k shares...
Hopefully we will see Sophie and board members follow your lead.
Well, as at the last annual report:
Bowman had 500K shares
Mike Darcey had 1.5M shares
Geraldine had a whopping 88K shares
Keith had 215K shares
Joan Withers was yet to 'load up the truck'
Very little skin in the game (I own more shares than the entire Board combined). This has been an issue from the start though.
None of the 'transactions' that were presented to them have been brought to shareholders for consideration. I do scratch my head when I see them blocking deals, given they have hardly any skin in the game.
They balk at the notion of becoming a telco, yet we are still waiting to see what they will do with FCF do grow/diversify the business to a point that the market believes the business will be around longer than 5 years (and will therefore price it accordingly based on earning power).
I actually find this rather concerning - it amplifies my belief that management (and the board) are heavily incentivised to favour remaining an independent entity (to protect their well compensated jobs) rather than to entertain a takeover offer which would be better for shareholders (but would make them all redundant)
Yes, I think you are right. We cannot be 100% sure that all of their interests are aligned with ours.
Of the 'transactions' that have been presented to The Board...we can be fairly certain that Discovery and Vocus were part of that mix. Ogg seems to think Comcast are looking too...I don't think so, but he could be right.
Any one of the approaches would stand to be a major catalyst event for shareholders. I doubt that all of the approaches were 'obscenely low ball'. So for The Board (who basically own negligible sky shares) to just outright block these deals without bringing any of them to shareholders to vote on is baffling.
But as I say, it seems unlikely any deals are happening now - it does not take over 5 weeks to get a deal done. Either that or our Board are incredibly adept at keeping things quiet!
Just a thought
It’s possible that Directors with a vested interest will say when an (opportunistic/low ball) offer is made will think/say “yep, I’ll take the money and run” when a truly independent Director (one with no vested interest) will say “is in the best interests (long term) for shareholders”
Tough job being a Director