This has been banded around a lot about Roland and as an individual investor probably true.
But in years running up to promotion and the Premier League years a certain group of individuals(still creditors) invested the majority of the Equity raised £34mn ,£14.5mn in Bonds and their current outstanding Loan of £7mn,totallling £55.5mn
Its not what you invest,its who's managing your investment,and with Curbs and Varney around that group had their money in safe hands.
It was only when they both left and Murray tried to run the show without them,that the wheels all fell off. Roland that's what's happening to you,you have Murray and Meire managing your money and its slowly disappearing.
How as a Billionaire do you become a Millionaire ? ,invest in a Football Club, with bad management.
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It what you got it's the way that you use it
#patience
In other words, best sell up.
Came across a report on Melexis prepared by an analyst back in 2013 (won a prize for its quality). Identifies a potential problem with conflicts of interest between main shareholder (the Rat) and the company that certainly resonates. Points out the company only partial adherence to Belgium's Corporate Governance Code in terms of managing conflicts of interest.
Quote:
"Melexis’ corporate structure creates agency conflicts between owners, managers and outside shareholders –
Melexis main shareholder holds 53.58% of all of the company’s outstanding ordinary shares and thus, can exert significant influence on Melexis’ management and corporate decisions through his voting rights including appointment of directors to the board and approval of significant corporate transactions. There are significant interrelations between Melexis’ top management and its biggest shareholder, which could lead to conflicts of interest".
The Code states that there should be a clear description and transparency about possible conflicts of interest - "Melexis describes potential conflicts of interests with regards to related parties transactions. However, a potential conflict of interest could arise through the marriage of Melexis' CEO, Mrs. Françoise Chombar, with Mr. De Winter, who is a private shareholder of Melexis and CEO of X-Fab, the largest supplier of Melexis. While there is no sign of a current existence of a conflict of interest, Melexis does not fully disclose the probability of a future occurrence."
"... However, Melexis' chairman of the board of director [Roland] is also chairman of the Audit Committee, contrary to the Code. In addition, meetings of the Audit committee are scheduled no less than twice and those of the Remuneration committee no less than once a year, contrary to the recommendation of the Belgian Corporate Governance Code of 4 meetings and 2 meetings a year, respectively."
just like relationship between Staprix and Charlton he needs to establish control, ignore transparency and conflicts of interest and regards meetings with management as unimportant if he decides what happens in any event.
Does anyone think the Rat will take any notice of fans if he ignores the Belgium authorities on how companies should be run with good governance and transparency?
"Melexis is a fabless chip company but it is part of close-knit family of companies. Xtrion NV (Tessenderlo, Belgium), a holding company founded by Duchatelet, has majority shares in both Melexis (53 percent) and X-Fab Silicon Foundries (59 percent). And Rudi De Winter is the CEO of both.
EE Times Europe sat down with Chombar during the Electronica exhibition and asked whether she was satisfied with Melexis being just an automotive supplier in a sector that was attracting more vendors and more competition."
Are we aware of Xtrion (which owns 53 per cent of Melexis)? and is owned by Duchatelet - it seems lke areal incestuous situation where Chombar is the CEO of Melexis (RD likes his female CEO's doesnt he ?) is married to De Winter who is the CEO of Xtrion !!!
He is a completely pointless human being.
his wealthhim.