One Swallow does not make a summer.
Ask again in 6 months, once the new ceo has settled in, and people are not just reacting to protect their jobs.
I WILL be impressed if the quantity of information is maintained, and quality improved over that period of time.
Please also do not refer to me as "lassie". I am neither a Scot nor a dog.
Well, if you read my post, I think it made the position clear enough.
But as you don't seem to understand, just look back to the way that Shire has evolved from say, 1999.
At that time, investor relations was a holy grail in the company. Hardly could Stahel move without there being a press release on it. Investors large and small were kept fully informed of the direction and purpose of the Shire Group.
The working mantra of the Shire board was to "underpromise and over deliver."
Look at now. Read the posts on this board, from people wanting to know the most fundamental information on the progress of their investment. Look at the handling of the Board room coup that ousted Stahel. Look at the misinformation about Shire recruiting a new "Big Hitter" CEO.
Look at his lack of public face. Ask yourself just what is going on inside Shire, and unless you are actually in there....in a position of "responsibility"....then the short answer, as an investor, you know sweet f.a.
So what is the current mantra "say nothing, then delivery is unimportant"?
Sorry, this company shows all the outward appearance of being in a period of stagnation. The next step is decline. Some say that that has already started.
All IMHO of course..
Could anyone please advise, Do Shire have an investor relations - or Corporate communications - department? - If they have, perhaps someone on the inside could advise when the wasters are going to get off of their useless butts and start to tell the investing public just what is going on?
And while they are at it, perhaps the new faceless, equally silent CEO, could come back off holiday or house hunting in Florida, and demonstrate that he is a leader and not a follower.
Presumably, he has fulfilled his ambition to get out of Europe, and returned to the U.S. by now.
This company really could do with the return of the Stahel/Stamp partnership. It has been ineffectual since early 2000.
Hey SocaJAC, On the 2nd May you said "Barely met substantially reduced guidelines yesterday, so stock spiked back to pre downgrade numbers,. Expect this to fall sharply next week. "
We're still waiting.
Do you get any of your 'predictions' right? Do you actually KNOW anything about Shire? Or do you just make it up as you go along?
Gosh, look at the profile of Mr Emmens! and did you see what Jimmie-bob Cavanaugh said of him ?
"�In our comprehensive search for the new Chief Executive of Shire we were looking for someone with the experience of working for a large global pharmaceutical company. We also wanted an individual who had a track record of working internationally. Matthew has these qualities and he also has solid experience of sales and marketing which will complement the existing team. His skills will enable him to continue to build on Shire�s remarkable record of success and allow us to take the company to the next level.
�His track record of outstanding creativity and solid leadership skills has been well established in a variety of settings, including both the formation of major new businesses and within large operating pharmaceutical companies. Matthew has considerable experience of building successful businesses.�
Well big deal. All those attributes apply to Rolf Stahel, with the difference that he proved them in-post. Even Jimmy-bob says:-
"The board of directors also thanks Mr. Stahel for his significant contributions to Shire. He successfully led Shire for nearly nine years building it from a company with revenues of US$3 million in 1993 to over US$1 billion at the end of 2002 including the implementation of six acquisitions."
What a load of Tosh.
I recon this guy will just be a puppet to the 'faithful' non-execs in the U.S. - He could start by chucking out the dysfunctional senior management and then put in the right dynamic, charismatic, people to do the job properly.
....If he gets just partway through that recipe I'll be impressed.
But not yet.
IMHO I think that a lot of you folk are missing several important points.
Fundamentally, Shire is a robust organisation despite the concerted efforts of the board of Directors and of a few correspondants to this board. It is cash rich with a good pipeline of drugs. Remember it is a Global company, not just a local U.S. organisation....Also, I use Celltech to benchmark the markets attitude to Shire, and they are way out of contention at the moment....
Yes, it does have it's own health problem. It has a serious cancer in the boardroom that needs medication. Until the uncertainty and poor performance of the board over this past year is resolved, there is little prospect of stock recovery.
But meanwhile, if you are a stock holder, be honest to your instincts. If you are not stock holders, but have the same attitude as others like "i_left_the_cult" ask yourself exactly what positive, constructive contribution are you making to this board?
That Shire are to buy Elan / Powderject / Celltech....
.....Or that J&J are to buy Shire.
At todays price - which is a 3 yr low - IMHO Shire are more likely to sell-out than to buy.....isn't that what The Board are really looking for ? isnt that why they have knifed Stahel in the back?..Remember, the fall in stock value was 'his fault'
C'mon Nordmann, you've suddenly gone quiet. Speak up boy, we can't hear you out here.
What are you doing for your investors, apart from sitting on your intelect?
The UK press has been full of this over the past few days, and look what is happening now, FGNOMS!
We've got Jimmy-bob Cavanaugh coming over to the UK to kiss and make-up with the UK investors. Thats what! - Wheeee!
We should be very grateful that Jimmy-bob was good enough not to have his board meeting in Canada, but to come to the UK, to the GLOBAL Head Quarters of Shire, so that he can meet with key shareholders.....unfortunately, that does not mean you & me.
Well, I hope that the big boys give this condescending S.O.B a damn good kicking, to take back to the non-execs....and while they are at it, ask him exactly at what stage was he, and Bear Stearns, going to declare their respective interests in Medipointe?
Finally, At what stage are the now leaders of Shire going to inform their shareholders of exactly what their plans are, and when do we get to give them a vote of NO CONFIDENCE?
all IMO of course...