Apologies Longreach, I don't mean to come across as a downramper.
My point is about the performance rights being issued. "Show me the incentives, and I'll show you the outcome" someone much smarter than me once quipped (Charlie Munger).
I agree with your comments that the company clearly needed a turnaround, and new management seem to be doing it. But, the incentives they have is increasing top line adjusted EBITDA - not the EPS you reference. If EPS was their incentives, I doubt they would be as aggressive on the acquisitions, nor as aggressive on the shareholder dilution. I would be happy to pay management a huge compensation if they are providing me - the shareholder - with excess returns. But to my mind, the management's performance rights are not structured that way. If was a shareholder, I'd be keeping a very close eye on what the next round of performance incentives are.
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-0.005(1.39%) |
Mkt cap ! $132.5M |
Open | High | Low | Value | Volume |
35.0¢ | 36.5¢ | 34.5¢ | $136.8K | 387.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 35.0¢ |
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Price($) | Vol. | No. |
---|---|---|
36.0¢ | 33300 | 2 |
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No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.350 |
2 | 80229 | 0.345 |
3 | 8856 | 0.340 |
4 | 56020 | 0.330 |
1 | 20000 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 33300 | 2 |
0.365 | 2331 | 2 |
0.370 | 130000 | 3 |
0.375 | 198709 | 3 |
0.380 | 160000 | 3 |
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