hangon
- 07 Mar 2008 13:07
Oh dear - 7p until results - now 3.p-ish and now looking like the Property investment was wildly optimistic - and looks like they were "sold" by a tout - 1.2m down the pan - just how careless can you get?....seaside bathing-huts would be better as an investment....grief - take it out of the Execs wages for the next 2 years!!!
Another division ( er, what? - Do they have separate desks, I wonder?) - appears to control car-parking ( where?), and this is looking a bit sickly. Management-speak clouds the issues.....
Is this a "recovery stock? - or are we better giving Management the Order of Bargepoles?
A further problem appears (DYOR) that --senior execs are in Litigation with the company - not sure if they have been deposed - maybe that was it.....looks bad, though - probably management trying to achieve damage-limitation....Oh dear, it just gets worse.
With all these small-caps it helps if they come-clean and tell the Market how it is - get the grief out quickly and move-on.
Please Do your own research - and ignore everything I say! - Thanks.