DNA 3.33% 3.1¢ donaco international limited

AGM, page-2

  1. 7,423 Posts.
    lightbulb Created with Sketch. 2136

    I read the rem report and I didn't pick up on that, it's funny how Joey's younger brother is paid more than the Chairman. Not a good look by any means, I guess he is paid more because they can. Although, I hope there is a valid reason and perhaps that is a question for the AGM. 


    You're right, with the Lim's owning much of the stock this FY and the Vendor's 18% likely voting down the rem report, it's not a stretch to see a first strike being delivered. I think this a good thing because in my opinion the company needs fresh eyes, and more (independent) gaming experience on the board.


    Joey's salary was voluntarily reduced by one third at the first half results. It was about 670k in FY17 and so will drop to about 450K pa. Once the disruptions are behind us the business should be able to generate 50m+, (FY17 underlying result of 54.6m before management fee) and 450k for a MD running a company of that size seems reasonable based on other ASX companies of this size? Naturally, DNA actually needs to make that money, though you get the picture.

 
watchlist Created with Sketch. Add DNA (ASX) to my watchlist
(20min delay)
Last
3.1¢
Change
0.001(3.33%)
Mkt cap ! $38.29M
Open High Low Value Volume
3.1¢ 3.1¢ 3.1¢ $11.98K 386.6K

Buyers (Bids)

No. Vol. Price($)
1 182378 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.3¢ 330084 2
View Market Depth
Last trade - 10.57am 01/11/2024 (20 minute delay) ?
DNA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.