called’em up today.summary of whatever i remember.accuracy not vouched for nor guaranteed
Demerger is firmly in the not-happening zone ,ostensibly in the name of shareholder value considering that the NVOCC division is unlikely to get anywhere near a fair value(somehow in most of the other spinoffs i ve investigated market sentiment has never been a factor of consideration)
Being reliant on sentiments governing global trade and investment in all it’s segments.allcargo fully expects a couple of ‘irritating’ quarters ahead.
it has scaled back capex and hiring plans
volumes have contracted.
p&e will probably be the last division to make it into black apparently
p.s. fully appreciate the candid and fair disclosure of the c.s.The presence of Ruane does much to bolster confidence.Should be investigated at the very least as a mean reversion play