Wall Street Trader schreef op 16 oktober 2023 17:04:
Ontex will publish Q3 2023 results on 27 October before market opens.It's really time for Gustavo to step up to the plate and deliver some good results.
They also need to sell Brasil asap. The company’s turnaround strategy, has taken too much time.
On November 10, 2022 ENA Investment Capital wrote;"Concluding: with Gustavo as CEO, we are confident that Ontex is in the strongest possible position to turnaround and
grow its business and thus to explore any discussions with disclosed (as well as any other) interested 3 parties about
potential corporate actions. He is the right person–with the relevant track record and bandwidth—to evaluate such
transactions, as well as to lead any corporate action that might evolve from such discussions.
We believe that with him at the helm, Ontex has a very bright future indeed. And for our part, we remain 100%
committed to our investment, and we believe there are significant value creation and savings opportunities ahead, with
several paths to recovery of the share price to at least the mid-cycle value potential over the next 14 months."
11 months have passed since then and there has been no shareholder value creation (Closing price € 6.11).
I still think and believe Ontex eventually will be acquired or merged with another group.
The waiting game continues...
Good luck everybody!