HI Greatone,
Some good points here, but with the greatest respect, I'd challenge a few things of your statement.
1. Management have paid out a lot in dividends previously. Also how does whether the money is paid as salary, or as company dividend effect a directors personal tax rate? It doesn't. At the end of the day your personal tax rate is based on your income - regardless of source.
I'd also challenge the fact that director's are paid very high salaries? The chairman of the company is made $80K + super. He is a major shareholder and the only way he 'gets paid' is through dividends - that's to the benefit of all other shareholders.
The cash is not their own cash, it is the companies cash - that's just totally incorrect sorry. They would have to pass resolutions to increase salaries and wages of executives - as per a companies constitution - otherwise it would be paid out in dividends to all shareholder (as it has been before).
I broadly view management's large interest as positive. They have skin in the game. One does need to watch if salaries increase significantly over-time, if shareholders are diluted, or if there are related party transaction to directors as "consultancy fees"...etc. I don't see any evidence of that occuring however, or happening much in the past? Happy to be proven wrong on this!
2. Africa - perhaps short-term yes you may be right. However, Africa population will double in next 30 years, it's a big growth region. Short-term, I believe that they will benefit from Gold prices (see West African Gold Resources share price - a key client), commodity prices raising, Iron Ore boom in Australia and infrastructure boom.
- Forums
- ASX - By Stock
- LYL
- Ann: Preliminary Final Report
Ann: Preliminary Final Report, page-22
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$12.23 |
Change
-0.030(0.24%) |
Mkt cap ! $486.0M |
Open | High | Low | Value | Volume |
$12.30 | $12.30 | $12.05 | $528.2K | 43.48K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2 | $12.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.23 | 1335 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2 | 12.130 |
1 | 147 | 12.110 |
1 | 147 | 12.100 |
1 | 147 | 12.080 |
2 | 1752 | 12.060 |
Price($) | Vol. | No. |
---|---|---|
12.230 | 1335 | 2 |
12.250 | 147 | 1 |
12.270 | 147 | 1 |
12.280 | 147 | 2 |
12.350 | 500 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
LYL (ASX) Chart |