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21/03/18
15:17
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Originally posted by macda
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Yes, but HC T&Cs don't allow for profanity.........
Let's start with the fact that the strategy that the Board is pursuing is doing a very good job of maximising the asset value of the company whilst delivering (after a number of years) zip in the way of profitability. Purely coincidentally, the management fees which BFC pays to an associated management company happen to be based upon asset value of the company. By a further twist of fate, the personnel associated with this management company happen to bear a striking resemblance to the Board members of BFC......
I'll let others add to the list - you may have quite a bit of reading to get through eventually.......IMO
Now down more than 50% for me
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Then if the board and management cannot generate profits from these valued assets they should remove their snouts, sell them and return the proceeds to SH