Originally Posted by
crwkunt roll
The question was asked, and the accountant blatantly said that it didn't matter squat who the Hedge was with so stop fussing about it. DS then added that he hoped the hedge was with Swire, as then they could continue to run CX at a loss for a few years and keep us in a job, who knows?????????
It does matter who the hedge was with. If CX took it with a Swire related company then it is just a way of sucking billions out of CX without having to give any to the other share holders, the company isn't really in a bad position financially and one could argue we are well run by crafty bastards.
If the hedge is with a non-Swire company then our bonus earning mis-managers have cost us billions, they are grossly incompetent and should be sacked.
On the plus side, either way the hedge runs out by the end of 2018. With it behind us we will be back in black.