performance rights for what....?
-successfully bottoming BRL this year and picking up some shares via the buy back and at their own personal gain at cheap as chips price,
-producing no dividend for shareholders,
-losing a court case (i know they are appealing but unless they pull a rabbit out of their ass its seems like they have shot themselves in the foot),
-and finally for not marketing and communicating with retailers (where's the port updates, the dredging, the institutional investor pick up announcements to boast, etc...)
personally i think with regards to share performance, communication, and frank openness they shouldn't have the gall to suggest performance rights... but i guess greed and power tend to make the head swell.
my question for the AGM (given i cannot attend) - they state they will buy up to maximum of 75 million share or 11.25 million AUD over a year, with the timing and number of shares bought dependent on SP and market conditions...
-aren't these market conditions good enough? at a year low price to go ahead with more vigorous buying and reset the SP to where we should be?
- what will they do with the rest of the money? if they don't spend it fully on the buy back- will that go towards a dividend or a nice midwinter party or holiday for the directors?
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Ann: Notice of Annual General Meeting/Proxy Form, page-6
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Last
81.0¢ |
Change
-0.005(0.61%) |
Mkt cap ! $155.0M |
Open | High | Low | Value | Volume |
80.0¢ | 81.5¢ | 79.0¢ | $22.60K | 28.12K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12578 | 79.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.0¢ | 177555 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12578 | 0.795 |
1 | 25367 | 0.790 |
1 | 6410 | 0.780 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.820 | 22555 | 1 |
0.835 | 27759 | 2 |
0.850 | 24566 | 3 |
0.890 | 581 | 1 |
0.925 | 6000 | 1 |
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