The old CFO I think follow the old CEO to UK after the listing of the Severek in UK. So basically now CSE is like a new beginning with a new CEO and CFO.. Hopefully the new team will want to prove themselves and will work harder..
I think you are absolutely right. I just received in the mail the two glossy documents of their AR13 and financial statements. I happen to know the chairman from MINDEF days, and if he can mentor the new team well, they should be able to turn what is a good business into a truly great one in the next couple of years. In the meantime, we just have to hold on at the current low prices and enjoy the great dividends paid out. (vested)
The price for this counter has been bobbing up and down; my guess is that unless the company shows some real increase in net income at the coming Quarter, the market is sceptical that it really can. I'm a die-hard believer in this counter, so just have to wait.