TCN 0.00% 3.8¢ techniche limited.

Klogg, I think share price will force TCN board for change,...

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  1. 4,861 Posts.
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    Klogg,

    I think share price will force TCN board for change, which they have been talking about for a good 2, 3 years during which period, they appointed M&A specialist, they had exactly same amount of cash in the bank, literally unmoved. regardless how much money each of three businesses made, the company never had policy to pay % as dividend stating for further M&A.

    its latest presentation still states:
    - Be ‘open for business’ and putting money to work
    - Be fast and flexible versus banks or alternative sources of finance

    I think some long term holders simply had enough. all they talking about is that $3mil in the bank as if that is a lot of money.
 
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