Market's view on Titon
Published on April 2024
- Stock watchers discuss concerns about family schisms influencing poor company performance, specifically noting that such issues were mentioned at the company’s Annual General Meeting (AGM).
- Comments highlight that the family involved with the company took public funds, raising expectations for corporate transparency and accountability.
- Concerns are raised about internal company communications, mentioning a significant improvement noted since a presentation in January, which marked a change from previous practices.
- Observations are made about frequent changes in the company’s CEO position, suggesting instability within the senior management team.
- Discussion points include significant shareholder actions, noting instances of family members selling shares while another entity continues purchasing them, potentially affecting future control and decision-making within the company.
- There is speculation about the company potentially being a good takeover target due to synergies with nearby businesses.
- Comments reflect on the company’s financial performance, describing the latest fiscal results with terms like ‘challenging’, ‘difficult’, and ‘loss’.
- Stock watchers remark on unusual practices in company reporting, such as the CFO rather than the CEO presenting the fiscal results.