Chanticleer
What investors want that GrainCorp doesn’t want to give
After another bumper crop chief executive Robert Spurway has a war chest and plans to explore biofuels, while keeping investors onside.
“Outstanding result” gets bandied around a lot on results day.
It is either outstanding result, strong result, positive momentum, executing on our plan, or sorry/see you later. Chief executive officers have few options, and fund managers are paid to look straight through it.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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