Found another smallish investment company - Ryder ASX:RYD. For the last 3 years RYD's SP increased from $1.26 to $1.79 - an increase of 42% compared with NGE's -0.7%. RYD has a similar 'absolute return' investment philosophy.
This is before paying a total 14 cents/share fully franked dividends over that period. excluding the franking, adding 14 cents to the $1.79 current SP gives a total return for RYD of 53%. RYD also have a shareholding in VTG. And RYD is not internally managed.
These guys (NGE) are seriously behind in the comparative stakes. Lack of corporate governance in NGE is a serious issue. No big stick. Nothing to regulate the salaries of management or any alignment with shareholders' interests.
Ann: Investment and NTA update - May 2021, page-11
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Last
$1.11 |
Change
0.005(0.45%) |
Mkt cap ! $39.28M | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.11 | $1.11 | $14.91K | 13.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 6500 | 1 |
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| Last trade - 13.38pm 17/09/2024 (20 minute delay) ? |
| NGE (ASX) Chart |