Ann: Appointment of Independent Non-Executive Director, page-45

First 45 Last

Share
Profile

Follow
happydayz

14,283 Posts.

496

04/12/18

20:17

Post #: 36749954
Share

Originally posted by aniesbaswedan: ↑

The way I understand it,

The company is not an investment company and is merely a normal company that manages long service leave (not funds that can be used to invest) and obviously in return for fees. The same fees that become a profit that constitute a company asset that is then invested in a totally separate management company. Imagine you own an electrical engineering consultancy firm, for example, and you receive a profit for the work your company does and then instead of having that profit sitting in a bank as cash you invest it in a management firm, whether its BT, perpetual, wilson, etc to get extra income.

I think it is basic common sense...the announcement, to me, is misleading because it is written as if it is an investment firm when it is not. It is obvious that people looked at the figure $1.2 billion and become euphoric especially when associated with the name coinvest despite, from my understanding, it being not an investment firm at all, in fact it is far from it. The only thing investmeny about the company is the "...invest" in the name and that is it.

As far as I am concern, SAS can assign anyone they want but why is the announcement is written like that?

Dodgy as heck

IMO DYOR

Expand

Does it really need such distrust, or is it because of the origin of the Ceo's and a gross lack of human respect. The negative posts everyday cannot be called so strange in a stormy economy but the persistence could be taken as a personal or cultural difference. If not just say not I may be wrong but is there anything positive about the company you can say
And I suppose silence means not.

SAS Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Shekel Brainweigh and Calmer Co lead innovations in the retail space

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

There are more pages in this discussion • 102 more messages in this thread...

First 45 Last

Add SAS (ASX) to my watchlist

Ann: Appointment of Independent Non-Executive Director, page-45

Top Stories

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Featured News