The management at KEY have gone past their "Used by Date". If this were a private company Ken would have been kicked out of his job 12 months ago and as for the board of directors, god knows what they are there for, never hear a word of what they have achieved for KEY. Just what has been achieved by this management in the past 2 years? Apart from the UK purchase and development which IMO will only pay some of the overheads at best, nothing else whatsoever! The share price is a disaster and if they go ahead with the placement this month we will have a further dilution of our investment. Compare the performance of the overall market in comparison to KEY over the past 12 months and you start to see why many shareholders of KEY have had a g***full of this style of management. Their continual disregard to the shareholders demonstrated by Ken's autocratic responses to any crticism directed to him re the performance and continuing lack of any progress is concerning. Just remember that almost 2 years ago the joint venture group treated themselves to a "junket" in Dubai to progress the KN#1 development, yes that's correct, 2 years ago!!! In addition Ken managed two "company" business trips to the UK last year, one while the Test Cricket was on and the other whilst Wimbledon was taking place, any coincidence in that timing i ask? Yet when you are priviliged enough to receive a response from him we are told how hard everyone in the team is working! Well looking at their results to date on their projects and the current shareprice, i suggest they pull their fingers out and start working a lot harder and commence building a far better relationship with their shareholders. At this point in time the only achievement is a continual decline in the cash flow and we all know what the end result of that is!!!
KEY Price at posting:
9.9¢ Sentiment: Sell Disclosure: Held