It's difficult to get excited about anything with BFC given the opaque way in which they run their communications, but there are several positives in this announcement. First and foremost is the change of Investor Relations manager, to hopefully address my first observation - surely they have to introduce a healthier degree of transparency? We'll see....
Next to the GM appointments - this degree of experience won't come cheap, but the very fact that they were attracted to the business augurs well - there must be enough of a grab in the future business model and projections to elicit a move from existing roles (even if us mere shareholders are still in the dark).
I'll be hoping for some positive moves in revenue and an appropriate level of disclosure and communication going forward.....but I won't hold my breath!
Cheers
macda
BFC Price at posting:
23.8¢ Sentiment: Hold Disclosure: Held