Quote:
quote:Originally posted by minimoke
In their address to Shareholders the Chairman said of CLS “we exited accordingly - at a cost? Yes! But cleanly and completely which is in the interest of all shareholders.” And Simon Hull said: “I offered to purchase the Park at its original purchase price. This would avoid the forced sale situation and transfer the ongoing liability for costs from the company. So ended the significant negative effect of CLS on AWF Group with all its costs”
It appears quite clear that AWF have totally exited from CLS and before their share bottomed out. If they haven’t then the AGM comments are misleading. Despite the good news of increased sales something caused the price to dip which ought to be unrelated to CLS so I am still wary.
If AWF was managing CLS, could there still be some potential litigation issues over the breach of immigration/labour laws that may come back and bite? Or is that just something that the ex-CLS directors have to worry about?