Posted 24 October 2021 - 02:27 PM
Feels like Mark Sardi came in to do a job and it is done but I think the resignation is a bit premature. Should have done it after everything is actually settled.
I wonder if it was due to board or activist pressure or maybe it's more personal in nature.
Agreed, and it does look like shareholder involvement. Remember, the AGM is due in December and they might have stated that his number is up. Resign rather than be fired? Could there be more to follow, me thinks so.
Given the share price action in the last few months, I don't see this one going over 140c without a firm offer of 160c plus. Mr Market needed time to get to know ASC v2.0 before re-rating it. Given how fast things are happening ATM, I won't be surprised to see an offer or two in the next 2 weeks. Interesting times ...
Edited by Shi, 24 October 2021 - 02:28 PM.
“One day Alice came to a fork in the road and saw a Cheshire cat in a tree. Which road do I take? she asked. Where do you want to go? was his response. I don't know, Alice answered. Then, said the cat, it doesn't matter.” - Lewis Carroll