EOH CEO Stephen van Coller’s performance analysed

[Daily Investor]

EOH CEO Stephen van Coller’s performance analysed

EOH Stephen van Coller’s mandate was to grow EOH and create jobs, but he changed his strategy after he was faced with challenges of corruption and high debt.

 

[supersunbird]

One former EOH executive said the biggest winners under Van Coller’s leadership were him, his management team, and the banks. The biggest losers were shareholders and staff.

I want to know what this former executive says about the 79.48%* share price drop that happened BEFORE van Coller took over... that surely served shareholders well, right?

*based on highest share price on 7 Aug 2015 to 7 Sept 2018

 

[Pegging]

Gee. Another article where the journalist does not understand unbundlings.

Now when you get to the 500th article bashing the ceo, try to add back the value of the unbundled companies before comparing past and present.

 

[InvisibleJim]

Table should perhaps also include level of debt at the start and currently. He had to sell companies to address the balance sheet and in that situation, it is a distressed sale so any potential buyers are going to play hardball on the sale price. Large consulting fees also go along with those divestment processes and debt-restructuring.

The alternative would be business rescue and/or liquidation which probably wouldn't work out so well for Shareholders. As it is, they will probably need to reduce the debt to a point where someone with deep pockets jumps in and gets them over the line.