Hmm. I think this is potentially good news, sure. But I feel the management of the company over the last few years has not communicated a clear and strong strategy to shareholders, and neither has that been self-evident in the financials. So how are shareholders meant to develop a sense of confidence then?
Although there has been a new CEO in that time, the management of the company is also firmly in the hands of the board. Neither seems to have opened strong lines of communication with the shareholders, from where I've been sitting anyway. For instance, it is good that we just got an update, but it was only about 10 sentences, and did not give us much vision of the state of the game other than the expected financial result in just a few weeks time. Not exactly broad brush.
So I would be reluctant to call much change of future outlook until we see evidence that the board has a clear idea of what it wants to do now and manages to communicate that clearly to the shareholders, along with an indication of how they will get there.
All of that is just my own view obviously, and I never claim to be right, and I always welcome contrary points of view.
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Originally Posted by winner69
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