EOH's struggles continue

[mylesillidge]

EOH pain continues

EOH investors struggle to show any reward for their trust in the company and for participating in the rights offer earlier this year.

In October 2022, EOH announced that it was planning to raise up to R600 million through a R500 million rights issue and an additional R100 million BBBEE deal.

 

[McRuder]

He's dead, Jim.

 

[Sapphiron]

Any investor who stayed invested when the corruption first surfaced is an idiot.

When corruption starts at the top, all the competent people in the middle leave for other companies.

Then the company becomes irrecoverable. The competent people who can save it, left long ago.

 

[Solver]

Did themselves an injustice rewarding their billable and non billable resources the same. Majority of the billable resources left and what remained were non billable. From there on, the math is quite simple

 

[Scooby_Doo]

Any investor who stayed invested when the corruption first surfaced is an idiot.

When corruption starts at the top, all the competent people in the middle leave for other companies.

Then the company becomes irrecoverable. The competent people who can save it, left long ago.

As a previous employee, they tried to bait us into keeping me there with shares.... But you have 30 000 shares that you will give up if you leave...
Cool story.

 

[JustSomeGuy21]

When covid hit, they cut the salaries of talent first but protected their vested interests and bonuses ... We told them "Stupid move" but they didn't listen, whole teams with decades of combined experience left. Now they have a few credible talent left but too little to make a difference...you see, when accountants think they know best, they usually don't. bet you neither he nor he's BU leaders still have those smirks on their faces.

 

[JustSomeGuy21]

As a previous employee, they tried to bait us into keeping me there with shares.... But you have 30 000 shares that you will give up if you leave...
Cool story.

exactly, a bonus at another firm is roughly 3 times the value of what they were offering. Clueless

 

[animal531]

exactly, a bonus at another firm is roughly 3 times the value of what they were offering. Clueless

LTIP's etc are a good way of retaining employees, but they fall apart when the stock price tanks (in 2015 or wherever EOH's share price was probably 100x what it is on now).

 

[JustSomeGuy21]

LTIP's etc are a good way of retaining employees, but they fall apart when the stock price tanks (in 2015 or wherever EOH's share price was probably 100x what it is on now).

They offered them in 2020....it was already worthless then. I hear your sentiments though.