Sulja Bros. Building Supplies, Ltd (SLJB)

[xanadu90]

Don't get too concerned about the CEO change. It seems to me logic that this move has been planned long time ago along with the growth of the company. Mr. Sulja might not have enough experience to lead an rapidly growing international concern-to-be, and has wanted to concentrate on the part of the business he knows very well. Mr. Vucocevich was to take the seat of the CEO after the arrangements were completed. I think we will hear soon about new structure of the company.
Mr. Khan was offered the seat for the period of transition, but he apparently got scared of the overenthusiastic shareholders bombarding him with angry calls/messages. So Mr. Vucocevich had to step in earlier as originally planned. He certainly has good experience to manage a building- and construction company growing in international business, but don't expect too much of his PR-skills - not yet.

As to the Ramada contract, don't expect much understanding from them either IF they were flooded with calls from suspicious shareholders. If this is an Arab company - even in western oriented Dubai - their investment/shareholder culture is still different. The basic values are the same as we have, but they do not understand common shareholders "bossing" them around with suspicious questions about their business by calling and e-mailing them. Not yet. You have to go to the shareholder meeting to pose your questions.

All in all. Have patience with this company.