KEY 0.00% 0.1¢ key petroleum limited

Ann: Quarterly Report for quarter ended 30th Sept, page-19

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  1. 2,814 Posts.
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    re: Ann: Quarterly Report for quarter ended 3... Roznov,
    You are 100% spot on with your comments, investors have been burnt badly by the GFC and are no longer prepared to sit idly by and watch their investments go down the gurgler.
    They want and are demanding regular informative updates and this is where i have a problem with the KEY management.
    They have not adjusted their management style to meet with todays market and that probably is why KEY's share price is languishing where it currently is, underperforming, considering their assets.
    When i recently contacted Ken with some queries and i mentioned negative postings on a chat forum re the SPP, he was very vocal in his criticism of these sites.
    I have never met the chap but even though he is very experienced i have a feeling thru my few contacts with him that he appears to be autocrative to shareholders. But,he does respond to your queries in a very forthright manner.
    The latest ASX release is an example of poor communication when he stated that the company was "concerned" with on shore Italy. IMO as a shareholder we should have been given the reasons why they are concerned as it could have a serious impact on our investment.
    As it now stands, we sit here watching the sp go down wondering just what the problems are and whether it could be the ambiguity of that comment that is impacting on the sp.
 
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