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Alec Hogg: Until EOH’s managers believe, the market won’t
"After delivering its first half year of operating profit since cockroaches emerged, at last EOH looks to be at a tipping point," writes Alec Hogg.
Guest co-host Delphine Govender and I struggled at the critical point of last night's BPH interview with EOH chief executive Stephen van Coller. Now that you've cleared away most of the mess, what's the dream, Perpetua's founder asked? I added: why should long-term shareholders keep the faith, considering some have lost 95% of their capital?
Maybe Van Coller was reverting to his conservative banking roots. Or perhaps the former head of ABSA Capital is gun-shy after overseeing two years of retrenchments, asset sales and having to 'fess up on behalf of corrupt predecessors. His response was bland. Acceptable from a CEO running a corporate – but not one leading an entrepreneurial tech company.
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