Technology news and Jobs arrow Technology people arrow Peoplebank boss claims all is sweet after share price plummet
Peoplebank boss claims all is sweet after share price plummet E-mail
by Stan Beer   
Thursday, 31 July 2008
"They're happy with the operation of Peoplebank but they may not be happy with the share price," says Mr Lau.

"They take a medium to long term view and they see this as a financial market aberration and not a reflection on the operations of Peoplebank and the integration of Ambit. They have directors on our board and they're very well involved in what's going on and they know the value of the company."

What of the integration of Ambit?

"That's going very well. All the front office and locations have all been done and we've got probably another three to six months work on the back office integration and then we'll be totally integrated as one functioning unit. You'll see our results in '08 and we're looking forward to having a pretty strong 2009 as well.

"We've got a pretty strong business and we're not worried about the share price, although I know other people will be worried about it. We'll be doing another year of record profits this year and '09 will be another good year. All we can do is keep on going making profits and paying dividends."
Powered By Joomla Tags

Please enable JavaScript in your browser to post your comment!



 
< Next story in category   Previous story in the category >
iTWire user statistics Visitors last 30 days
694,279
Subscribers 15,210
#1 independent technology news advertise here
  •   *  
  • Search
  • AdvSeach
  • Login
  • Events
  • FreeStuff

- Advertisement -

Featured Whitepapers

Follow iTWire on Twitter

About iTWire

iTWire is all about technology news, information, jobs and community for the IT and telecommunications industry professional. Subscribe to our free ICT daily newsletter