26 January 2012 – press comment
Eagle-eyed readers may have noted today’s comments in the Daily Mail regarding the company and its latest share option scheme. The latter seeks to award the directors chunky numbers of shares at 30p in the years’ ahead and with the shares having been as high as 45p last summer many shareholders are unhappy. As a result, some shareholders are seeking to get the terms of the scheme changed and have threatened to convene a meeting to remove some directors if their wishes are not met. The share price has been weak of late as this behind the scenes activity has gone on but on fundamental grounds the shares now look cheap. Despite current uncertainty, this is probably a good opportunity to BUY.