(10-02-2016, 09:48 AM)CityFarmer Wrote: [ -> ]A response to recent concerns from media.
(not vested)
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SingPost appoints Drew and Napier as joint special auditor
http://www.theedgemarkets.com/sg/article...al-auditor
Hmmmmmmmm Drew and Napier the law firm or is there another Drew & Napier that's an audit firm?
Interesting. Is the seat too "hot"?
SingPost shares fall as chairman designate says no to top job
SINGAPORE (April 7): Shares in Singapore Post have fallen as much as 4.3% to $1.56 on Thursday.
The stock’s steepest decline in about a month coincides with news that its chairman designate Low Teck Seng has changed his mind about taking the job, citing time constraints.
SingPost says the board has accepted Low's decision.
...
http://www.theedgemarkets.com/sg/article...no-top-job
Sounds ridiculous that a senior position is proposed, accepted and rejected all in a week. This is afterall not a class monitor position.My guess, most likely someone more powerful like temasek objected the appointment.
(07-04-2016, 04:49 PM)CityFarmer Wrote: [ -> ]Interesting. Is the seat too "hot"?
SingPost shares fall as chairman designate says no to top job
SINGAPORE (April 7): Shares in Singapore Post have fallen as much as 4.3% to $1.56 on Thursday.
The stock’s steepest decline in about a month coincides with news that its chairman designate Low Teck Seng has changed his mind about taking the job, citing time constraints.
SingPost says the board has accepted Low's decision.
...
http://www.theedgemarkets.com/sg/article...no-top-job
Tribal council style of decision making.
If he's so busy the other side and there is more important, why is he even a board member here then?
Good lah, gives singpost a chance maybe get pushed back down to $1 range can buy in
In the short term, business fundamentals will not be much different no matter who gets the job.
(07-04-2016, 06:11 PM)sg550319 Wrote: [ -> ]Sounds ridiculous that a senior position is proposed, accepted and rejected all in a week. This is afterall not a class monitor position.My guess, most likely someone more powerful like temasek objected the appointment.
(07-04-2016, 04:49 PM)CityFarmer\ Wrote: [ -> ]Interesting. Is the seat too "hot"?
SingPost shares fall as chairman designate says no to top job
SINGAPORE (April 7): Shares in Singapore Post have fallen as much as 4.3% to $1.56 on Thursday.
The stock’s steepest decline in about a month coincides with news that its chairman designate Low Teck Seng has changed his mind about taking the job, citing time constraints.
SingPost says the board has accepted Low's decision.
...
http://www.theedgemarkets.com/sg/article...no-top-job
I think we all can agree that "time constraints" is definitely not the real reason.
We wont know the real reason, probably some power grab going on in the board
recent news are all negative for sing post
need to relook at my shares and maybe sell off
Usually a company performs well when there is a passionate leader with a clear plan forward, not just on business performance but also towards shareholder interests.
I don't see it in this board. Shareholders need to be more discerning.
Dividend yield can only be meaningful provided the share price does not erode!