NCC knew these guys were amateurs when they bought in. They are not paying 6 years rent:
$2.4m in management fees paid last year
$6.7m minimum payment over 4 years (though is says upto so could acualy be less), $2m is upfront so $4.7 over 4 years from $2.4 revenue. Thats self funding.
the higher payment is subject to certain conditions that have not been disclosed, so i wouldn't bank those
So NCC buys an investment for their shareholders then takes away 1/3 of that investments revenue and gives it to itself. Thats not the best decision for your investment or your shareholders. But it allows naos to double their business. So who are they putting first here?
OC are a capable manager but don't own a major shareholding in CGA.
So why didn't NCC just offer to manage the money without using their clients funds to pressure the board?
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Last
41.0¢ |
Change
0.010(2.50%) |
Mkt cap ! $30.25M |
Open | High | Low | Value | Volume |
40.0¢ | 41.0¢ | 39.5¢ | $14.13K | 34.91K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 4000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.400 |
1 | 300 | 0.395 |
2 | 25000 | 0.390 |
1 | 11700 | 0.385 |
5 | 31791 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 4000 | 1 |
0.420 | 20000 | 1 |
0.430 | 24000 | 1 |
0.450 | 15443 | 2 |
0.460 | 18080 | 1 |
Last trade - 14.01pm 13/09/2024 (20 minute delay) ? |
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