Shareholder activism can be rewarding. But for a band of advisers that toppled the board of Benjamin Hornigold it comes at a huge personal and financial cost.
Sulieman Ravell, a Sydney based financial planner, said he never thought he would live through a day when he was a director of a company that fell 70 per cent upon relisting.
And that he would be happy about it.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
