CAT 3.14% $3.39 catapult group international ltd

Ann: CEO Resignation and Transition Arrangements, page-77

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  1. 7,328 Posts.
    lightbulb Created with Sketch. 88
    Not really.

    As a holder, I want to see that whatever change is being contemplated will work out for the better before I start handing out the bouquets. It is not something to cheer on by itself, especially considering the context in which the resignations have happened.

    As I have stated earlier, holding it from a previous time (when the facts were different) is not the same thing as "doubling down" or commiting new capital to it today, based on what is known now.

    Yeah, exactly, the uncertainty persists, and the odds are not in your favour because you have nothing on the basis of which you can say the situation has improved with just this announcement. Investing is a game of odds, not certainties, and given how this company has almost perennially disappointed shareholders over its listing life, I can't see how the odds of success have changed materially as things stand.

    ---

    I am not sure what the point of reiterating the guidance from the latest trading update is.

    If that had changed in any way, it would be a surefire signal to sell because changing it barely a week after announcing that to the market means management don't have a clue.

    ---

    Anyhow, that's the last word from me. Pick your poison - it's your money after all.
    Last edited by thunderhead1: 07/02/19
 
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