Outgoing chief executive James Warburton’s last results were hit by a market-wide downturn. He says the company is primed for TV’s recovery.
Detractors point to a surge in Indonesia’s supply of nickel which has seen prices plunge, saying the state-owned company cannot be trusted to properly manage fertiliser supply.
Andrew Greenwood, who ran the tough vetting process for spin-off Scyne Advisory, says the pair did not bring “inquiring minds” to what was happening at PwC.
While small parcels of WICET debt have changed hands, so far there isn’t a dominant player on track to building a big exposure.
Investors in CSL and Breville have growth questions on their mind, while Seek’s downgrade sent shares skidding. Meanwhile, at Challenger, a bro-mance is brewing.
