Are u inferring that Coruna Downs will have the same contractor agreement as they will most likely be using the same people..
Seriously bad business practice giving 25% of profits to drivers.
As a shareholder I want clarification on this unknown issue. It seems logical that this will be the case unless there is another new agreement that does not throw away 25% of profits to drivers.
Have to wait until 15 May to find out. But this could be why the share price has been suppressed as well, because it is not best practice.
Woolies has a mark up of 5 times on the apples they sell, not because they give away 125% of this profit to the delivery drivers.
Expecting the IO price to be 100 US or 130 AUD due to the global infrastructure boom, gives margin of 80. Giving away 20 times 12 or 240 mill to contractors is totally insane business practice and shareholders will slam the price down because of this madness.
A CEO or MD must know this sentiment and apply their @cost reduction skills@ and let the market know of this price sensitive issue immediately to curb the selling from shareholders in this rising IO price trend.
AGO Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
