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29-06-2017 11:07 AM
Gven that the majority of the directors were at their zeniths about 40 years ago is this a business that they understand ( they actually now acquired a business) - or is it a rich man's toy - and a source of CGT losses ?
29-06-2017 02:59 PM
remember of course that they got free shares, some 250million .. so it all upside for them.
I have two concerns, one I hate buzz words and finech is such a word. Secondly the second act of successful CEOs is average at best. So for now I wait and watch.
29-06-2017 04:46 PM
Free shares or not those old Directors have not stopped buying more! Generally if I am served wine by a host and I don't like it I don't rush out the next day to buy another bottle of the same?
At this stage the business is embryonic - and I am also aware that these software focussed/ driven businessess probably have a high ratio of fails to success ito their projects
So what about a diary note for June Next year to see if there is anything moving? ?
I tried to download the investor presentation and got zip for my efforts. I too am nervous of second careers ( and one struggles on any front to discover
anyone, anwhere in any discipline who gets it right) - nice conversation starter for a dinner table.. or maybe not.