Directors dont own 90% ,to the contrary they say they only less than 0.1% of the capital of the company.
Anton Billis did declare an interest -- by way of directorship only,--not shareholding--of around 56%, some 28m shares. The rest is held by outside punters--some 22m.
But when it comes to privatisation , maybe by dilution to existing shareholders is their solution, as per RND our (TBR's) subsidiary which we currently own 44% of the 60m shares on issue after the potential vend we will own less than 6% of the then 444m shares on issue.
And RND will go from owning 23% TBR to owning less than 8%
http://www.asx.com.au/asxpdf/20120921/pdf/428wbjkvy4msq6.pdf
This may be one of the reasons why TBR trades at such a big discount to its intrinsic value.
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Last
$4.58 |
Change
-0.060(1.29%) |
Mkt cap ! $240.3M |
Open | High | Low | Value | Volume |
$4.64 | $4.73 | $4.48 | $365.0K | 79.29K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6903 | $4.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.75 | 5175 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6903 | 4.480 |
1 | 1000 | 4.260 |
1 | 230 | 4.090 |
1 | 245 | 4.040 |
1 | 200 | 4.000 |
Price($) | Vol. | No. |
---|---|---|
4.750 | 5175 | 2 |
4.820 | 820 | 1 |
4.930 | 2470 | 1 |
5.010 | 120 | 1 |
5.020 | 1992 | 1 |
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