Wolf Money(4 questions shareholders need to ask on SingPost’s woes)

 

(Image Credit: Singapore Post)

First of all, I have no share in the company. I did owned the shares a couple months ago, but I have sold them. My commentary is for public interest only.

I was asked about this saga happening to our beloved national postal service. I had a look at the board statement. There are many questions unanswered than having more clarity out of reading the statement. SingPost shareholders need to know what had happened. This is not witch hunting. I continue to have great respect for the b.o.d and the staffs for providing us an essential service. The board did the correct thing in my opinion. There are lingering questions which I will asked if I am a shareholder of the company.

1.) Why is the investigation and the subsequent actions took so long since it was discovered early part of this year? 

2.) Will the revelations affect or delay the sale of the Australia business since the ex chief executives were actively involved in the deal?

3.) Since it involves services which is not rendered by the company to the customer, will the revenue and profit of past year(s) be revised?

4.) How long had the practice been going on? 

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