I asked Leanne about them last year and Glennon only gets $200k fee, which is still a lot. Some rubbish about the portfolio being flexible because they have taken out $4m for the buyback and also the money for the massive blow out in working capital coming out of the investing money. Cashflows look bad also. Though I guess if they do a 10% buy back every year and use the last $12m I would be happy with that outcome. The $200k is not that bad, it could be worse like HIL which has a similar market cap and 5 directors earning $450k. That's another heiress who landed upon a public company. I would be more worried if they start appointing corporate advisers to the board, announcing acquisitions or more changes in strategy. ECL would probably be better just hiring one individual for $200k to manage the portfolio, cant be that hard. I would do it
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Last
$3.15 |
Change
0.000(0.00%) |
Mkt cap ! $91.33M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3 | $3.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.48 | 9326 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3 | 3.160 |
1 | 400 | 3.140 |
1 | 5743 | 3.110 |
1 | 333 | 3.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
3.480 | 9326 | 1 |
3.500 | 5000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 16.12pm 31/07/2024 (20 minute delay) ? |
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