PPRuNe Forums - View Single Post - CX profits falls by 82%
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Old 31st Aug 2016, 23:58
  #96 (permalink)  
mr did
 
Join Date: Apr 2008
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Agree with cxorcist. Master plan: CX appoint a Chinese speaking accountant as CEO to cut costs way below minimum required to function, primarily to drive up the share price, and then be able to do the talk talk with the new Chinese buyers. Asset stripping by selling HAECO, TAECO etc to Swire already done. Only problem is they screwed up the hedging so badly and the buyers saw it coming. Net result: basket case of a company with a crap product and plunging share price.
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