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January 12, 2009
Imperial update and outlook for 2009: Hubert Brody - CEO, Imperial
ALEC HOGG: Imperial chief executive Hubert Brody is with us in the studio. Imtiaz Ahmed, our market commentator tonight, has also come in. Imtiaz, if you back for the last six months of last year, you'll probably find that, if you were to calculate the Top 40 shares, Imperial probably beats the rest of them because it's up 28% in the last six months.
IMTIAZ AHMED: I think a lot of the pain was taken in the first six months, Alec. That's where the earnings disappointment came, that's where new management was introduced. I think Hubert has done a very, very good job in convincing the market that things have stabilised, they've sold off certain assets, they've refocused the business, and I think the market's taken heart from that. However, we must keep in mind that motor vehicle sales remain under pressure, and that remains a cornerstone of Imperial. But I'd love to hear what Hubert has to say about it.
Posted by StaffWriter at January 12, 2009 11:05 AM