I currently err on the side of suspicion. If you were at the meeting last year where the former Chairman was overthrown this was not the intended or optimal outcome to simply appoint Leigh otherwise there would not have been consultants brought in to do an extensive global search leading no where!
At that meeting, Leigh literally presented (and proudly) the dismal software that was at the core of the issue. To me, he was a fundamental part of the problem then and doesn’t look like much has changed since.
I wouldn’t necessarily be praising what is going on with the results from what I’ve seen. Look deeper at who is standing to gain by these actions. IMO I think there are still a lot of issues that the shareholders are kept in the dark on.
CLH Price at posting:
$1.60 Sentiment: None Disclosure: Held