DGL 1.83% 55.5¢ dgl group limited

Ann: Acquisition of Australian Petro Chemical Storage, page-32

  1. 376 Posts.
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    That's precisely the point. Henry's interests are not shareholder's interests or more precisely NOT the interests of most DGL shareholders. Henry knows his acquisition program is hurting shareholders and will see their investment fall even more from the 40% fall 3 months IMO. But IMO he doesn't give a shyte (contrary to what S'holders expect, given his fiduciary obligations) because when he's ready to pull the pin he'll be well taken care of. Problem is he knows he has most S'holders by the short and curley's most. They've lost a lot of money (on paper) investing in his company. If they cash in their chips now that huge loss will be realised and so many have no choice but to allow him to continue using their investment interest free to him. Don't forget it was about 2 months ago he acknowledged publicly that his acquisition program has p1ssed off his S'holders and he promised he'd ease off. instead because he has zero respect for his S'holders, I sincerely believe, he almost immediately made an acquisition and now he's made another. The pace does not appear to have changed one little bit.

    There is a half way house he could choose here. Take a breather to sooth the concerns of the market and give the SP a chance to recover for the benefit of all the S'holders But that's not Henry, IMO, DYOR!
 
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