Nice write up. (I did recently sell too early in hindsight, judges from today).
You wrote "...but unlocking value from MBB’s substantial cash position should be at the top of the new leadership's agenda."
Do you mean (1) 'should' as you wish for it, or (2) 'should' like you think the probability for it being so is deemed to be high?
Because, it might be that mang etc were not allowed to put that cash to use, ie bc ab wanted to wait for even more compelling opportunities (which may never present themselves)...
It will only be speculating why Mang decided to leave, but you may be right. I would be quite annoyed if you had found several great ideas over the least decade, but few come to fruition. Could very well be the reason for it
They have talked about waiting for a great opportunity for a long time, and talked about private valuations becoming lower, so the hints are definitely there I’d say.
But it’s still a small holding company with six subsidiaries, and the acquisition size have increased over time. Understandable that they’re waiting for the right deal for them.
Ole, do you have comments on the first half of the year results?
I became a paid subscriber so no need to reply Ole!
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I enjoyed that commentary!
Nice write up. (I did recently sell too early in hindsight, judges from today).
You wrote "...but unlocking value from MBB’s substantial cash position should be at the top of the new leadership's agenda."
Do you mean (1) 'should' as you wish for it, or (2) 'should' like you think the probability for it being so is deemed to be high?
Because, it might be that mang etc were not allowed to put that cash to use, ie bc ab wanted to wait for even more compelling opportunities (which may never present themselves)...
It will only be speculating why Mang decided to leave, but you may be right. I would be quite annoyed if you had found several great ideas over the least decade, but few come to fruition. Could very well be the reason for it
Thanks! We’ve all done that some time I guess.
They have talked about waiting for a great opportunity for a long time, and talked about private valuations becoming lower, so the hints are definitely there I’d say.
But it’s still a small holding company with six subsidiaries, and the acquisition size have increased over time. Understandable that they’re waiting for the right deal for them.