Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Vislink plc (VLK) announced a new management “incentive policy” in July, with shares in the company having exceeded 60p in the prior month. We railed against the policy – see, for example, HERE and HERE and interim results in September saw a swift share price decline to around 45p. A trading update this month - which begins by noting that “the introduction of IP based technologies into our target markets continues to give Vislink Communication Systems and Pebble Beach Systems significant opportunities” - has seen the shares further lower to comfortably sub 30p. Hmmm…
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Comments
alcira16247
Steve
You made a good call back in the summer advising investors to sell @ 55 pence with the shares currently trading @ 26 pence.
The market was thoroughly unimpressed with the latest trading updates and managements failures as to why targets haven’t been met, so it would be unsurprising to see the shares fall further.
Having been ever so keen to reward themselves excessively when the outlook was promising, I’m wondering with business now looking distinctly poor, when the announcement will be made that Directors and Senior management are taking significant PAY CUTS, reflecting their PISS POOR performance, to date? If so, I’m sure John Hawkins (CHM) and Ian Davies (FID), won’t think a cut of 15.38% in their salaries unreasonable?
Eh….. look at that big fat greedy flying pig!