Forum Topics LOV LOV ASX Announcements

Pinned straw:

Added 2 months ago

Following the ASX announcement this morning of the CEO departure I'm reluctantly selling.

This was one I was looking forward to holding for years to come. The timing of the announcement worries me, and I've been burnt before by unexpected CEO departures.

It's possible this is positive news, and a change was needed.

If the new CEO is able to deliver more store growth (particularly waiting to see what happens with China) I'll look for the right price to buy back in.


McLovin
a month ago

I have probably taken the other side here. Victor did not fill me with confidence during the shareholder meetings based on how he answered questions. Secondly, his pay packet was my main concern when I bought into the stock in the early days so I am actually satisfied that fresh blood is coming to the fore. With the financials still being incredible, it seems a bit top early to panic sell here IMo. However, as long as Brett Blundy remains the primary investor here, I remain bullish. If he starts to unload, I'm out. :-)

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