Skellerup (SKL) Fundamentals

[Lizard]

...okay, trading halt to announce resignation of MD. The fact that a trading halt was called to announce this would surely have to raise a few eyebrows? If they are on the cusp of a turnaround, it hardly seems the time to leave - hanging in for another year or so would surely look better on the CV.

[Silverlight]

.. hanging in for another year or so would surely look better on the CV.

Being employed since 1979 and MD since 1992. A 31 year employment, and 18 years as MD, another 2 years would not make that much difference to his CV would it?

[Lizard]

Perhaps you are right - where else do you go after that? Was just meaning in terms of proving the strategy - if his efforts since listing in restructuring to a technical polymer coy have achieved anything, the fruit has to show in the next 12-24 months. So it's unusual to leave before getting to enjoy the fruits - unless they're turning sour.

[Silverlight]

I guess from an MD perspective if the strategy is in place and the right people are still there to execute, and the board is well aware of this, replacing the MD with another is project management orientated will achieve the turnaround as expected.

On the trading halt issue, TEL did one yesterday as well over a forecast? I think listed issuers may have all just baulked at the Nuplex incident on Monday and are playing extra cautious.

[Stranger_Danger]

Having a trading halt because a dude is leaving just makes the guy look like a total figjam.

[Lizard]

29-09-2009
I currently have a 12 month price target of 70cps.

Something that actually hit one of my price targets... and with a few months to spare. (Closed at 71cps. )

[Jonathan]

Something that actually hit one of my price targets... and with a few months to spare. (Closed at 71cps. )

Any idea why the share price spiked mid afternoon anyone?

[Lizard]

I would say it is likely there will be another profit upgrade prior to FY results - perhaps to above last year.

Done. Forecast upgraded to $10-$11m NPAT (after abnormals).

[percy]

Done. Forecast upgraded to $10-$11m NPAT (after abnormals).

Well done Lizard.

[zigzag]

Done. Forecast upgraded to $10-$11m NPAT (after abnormals).

You truly are a Guru. Give this man an extra star.