Investor's Champion Blog
Provides refreshingly forthright, independent comment on predominantly small cap companies and specialist investment funds. Informed opinion, based on first-hand research, but pulls no punches in exposing management weaknesses.

WORTHINGTON NICHOLLS - What's the point of the Beart led management team?

Apparently a new management team of Simon Beart and William Good, both previously at Revenue Assurance Services, have the backing of 14.51% of WNG's shareholder base.

Why on earth these 2 financial engineers, who, as far I know have never actually had anything to do with an air conditioning business have the backing of 14.51% of the shareholders is totally beyond me.

WNG surely needs a proper team of experienced relevant industry operators to roll up their sleeves and sort things out.

Messrs Beart and Good simply appear to be looking for another job after off loading the bizarre creation that was RAS - successfully I should add!


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