"James Ogden has sought to balance the number of board roles and other responsibilities which he wishes to concentrate on. "
Even if we accept that as the reason, so he chose to keep the best roles and ditched the questionable ones i.e Tegals?
Printable View
"James Ogden has sought to balance the number of board roles and other responsibilities which he wishes to concentrate on. "
Even if we accept that as the reason, so he chose to keep the best roles and ditched the questionable ones i.e Tegals?
Some companies Ogden director of not been good investment - Tegel, Warehouse and to some extent Summerset
NBR today : "Ex Tegel chairman cites ‘angst’ on missing profit target. After his sudden resignation last month, another company’s shareholders get an explanation."
Interesting.
Now why would Mr Ogden resigned suddenly and without notice in May 2017 over the missed profit target which was announced in December 2016?
Unless it is a case of him reviewing the results for 31 March 2017 in May and he decided he had enough of yet another downgrade?
Why does everybody think that a resignation of a chairman of an underperforming company is some sort of doomsday event, what are the chances of Ogden being "asked" to bow out?
Strong word 'hate' JeremyALD!
Making them accountable - that's more appropriate language for a company which :
1. Inflated forecasts to suck investors into its IPO - no other way to explain a reduced forecast (with a reduced range big enough to drive a truck through),
2. Has its Chairman resigned suddenly without any explanation,
3. Wrote to one shareholder/investor/poster with some cock and bull story about the Chairman resigning to 'balance' :D his board positions and other responsibilities. http://www.sharetrader.co.nz/showthr...gel-IPO/page58
Explanation required - 1. is bad enough but to compound 1. with 2. and 3. verges on total contempt for investors and shareholders (save those who are happy to accept 1., 2. & 3. as feather plucking good stuff).
Did you get burnt personally? I agree it's been a shambles but I do think the dislike on this thread has become a bit overbearing, at least until they release their next results. Tegel is still a sound company regardless of the bs in the IPO. The market seems to have found fair value around these levels. Strong support at 1.05
Just after the IPO two leading brokers had target prices of between $1.95 and $2,10.
Now support at $1.05.?
Why?
To find the answer,read Balance's post.
I prefer to invest in companies who do what they say they will do.
TGH can't even meet their on forecasts.
I now see them as a proven underperformer,whom lack credibility ,and trust ,from investors ,such as myself.