A.B. Cons. Holdings
Sir, — A. B. Consolidated Holdings, Ltd, has an entire history of poor performance,
low and sometimes no dividend, with their sharemarket value at most times way below par. Now that two competent and highly successful companies — A. S. Paterson and Brierley Investments — desire a significant shareholding, A.B.C. directors, after a proven 15 years of bumbling inertia, with sudden and remarkable solicitude for the company’s shareholders present them with a “don’t sell” letter and also close the share register. In these solicitous actions A.B.C. shareholders will recognise, not protection for themselves but rather a desperate attempt by directors and higher management to retain their lucrative positions at the shareholders’ expense. — Yours, etc., R. S. BRYANT. May 17, 1976.
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Bibliographic details
Press, Volume CXVI, Issue 34156, 18 May 1976, Page 16
Word Count
120A.B. Cons. Holdings Press, Volume CXVI, Issue 34156, 18 May 1976, Page 16
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