Something good will come of it. 5% + should be enough to get a board seat. It is certainly enough to make a pain in the A.
Retailers have been treated with complete and utter disrespect for close to 2 years. It would be easy for a recent shareholder to turn a blind eye to the incompetence and mismanagement and incomplete forecasting. However I would encourage them to get active as the big Prize is Taronga and unless ANW change its management method ,leadership development and communication stream now then the can will be kicked down the road for another 2 years with the same angst and incomplete projects.
Remember the Directors are being paid very handsomely and the CEO is in the top 0.5% of salary earners Australia Wide regardless if they sell TIN or not.
I ask you this question.
If you were the CEO would you have done things differently regarding the 1)Timing of the Tender process 2) Selection Criteria to determination financial viability of the Tenderer 3) capacity of the Tenderer to complete tasks 4) Plan B if Plan A fails
Most Salary earners in the top 0.5% would have.
ANW Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held