Is it worth buying shares in Mony Group now?
He cashed out long ago, leaving a succession of career chief executives to refine the company's strategy in the face of rapidly changing circumstances. The latest, Peter Duffy, has in his nearly five-year reign presided over a share-price decline from 300p to 170p at one stage, and they are still struggling to stay above 200p.
In Duffy's defence, the environment has not been the easiest in that period, from Covid to Ukraine, a choppy UK political scene, a cost of living crisis, a tougher insurance market and an energy-price ceiling low enough to obviate price comparisons. But the FTSE 100 and 250 indices have risen since September 2020, so Mony must have been doing something wrong.
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