This company operates in an almost complete information blackout, nobody in the market knows what they do, because they don't tell anyone anything.
Every announcement is nebulous and generalist, it contains no detail, no information on what is happening, and worse still - no attempt to explain to prospective investors what it is doing, or what it is all about.
It is effectively not a public company, and should not be listed on the stock exchange.
It is effectively a private company, and should never have been allowed to list.
The directors have long had their heads in the sand, and perhaps always assumed that other people know what the company is doing, but nothing could be further from the truth.
The board and management decisions in the last couple of years since listing have been nothing short of diabolical.
Some of our investor group told them what to invest in, what assets to acquire and how to grow - and ironically, if they had followed our advice, those companies they would have allied with would mean the PPL share price now would be about $1.50.
But what can you tell arrogant, ego driven, self obsessed company directors eh! They will always think they are right, when they are wrong will not admit it, but either cave in or resign, like has happened here.
They just won't listen - and therein lies their folly and great weakness.
It's almost become a lifestyle stock for directors and managers to just keep taking good salaries, year on year.
It hurts me to say these things, very deeply.
They never followed premium advice, and they still are not.
They still refuse to recognise they are in a declining technology field.
Big Data Analytics have replaced them - and until they admit it (and come out with a new strategy), they will be in decline and eventually collapse.
You can lead a horse to water, but you can't make them drink.
The final collapse will come when the new MD/CEO resigns, when such a respected figure does that, then you will know to immediately get out with whatever pennies you can salvage.
Gw
PPL Price at posting:
9.9¢ Sentiment: Sell Disclosure: Held
