Friday, February 20, 2015

Have Contact, what do I do with it now?

I bought this share in August 2011 thinking that the worst was over and that Contact was about to bring in the divs.

The company had just appointed a stonking CEO called Dennis Barnes and all was right with the world.

Or so we thought.

All the talk from Dennis, yes Dennis, I'll call him that from now since the folks at Contact will be reading this.

Anyway, he has been talking about a return to shareholders since taking over the reigns.

What made him change his mind?

Has Contacts prospects gotten so bad, he simply can't entertain the idea?

No, the company is doing well, and looks good to return $1 billion.

But what is this, oh no Dennis your 53.1 per cent shareholder Origin Energy has made some bad choices over the years as well and now looks to treat Contact as its own personal ATM by using that very same money that is supposed to be mine, ok ours, on buying up overseas energy companies.

Come on Dennis they are big boys.

Let them find their own money!

You have been talking about this for a long time. Expectations are that you would return it, to us.

Do you want to treat shareholders like your previous CEO treated your customers?

We know how that ended.

So I urge you, do the right thing. Treat us like owners as well as Origin Energy and return the money where it belongs, to us.

Don't be a paid lacky, we share in the fortune that you started with in this company.

Lets make it a long, mutually beneficial fortune.


* Contact has had a look ...


CEN @ Share Investor

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