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Ann: 1H FY21 Results Presentation, page-4

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pforpaul

859 Posts.

118

09/03/21

23:00

Post #: 51643250
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Originally posted by fourdollars: ↑

CEO sells $1.65m worth of shares just prior to the result and the forecast is for flat / slightly lower operating profit in H2 (not a good look for a "growth" company). Also, their commentary sounds like they are overly-keen to make acquisitions, which may lead to RHP overpaying.

Typical empire building for management to justify ever-increasing remuneration. It would be far better if these companies used operating profits to pay higher dividends and then borrowed money to make acquisitions. If the acquisitions are truly value accretive:
- then they should be able to make a compelling case to banks for funding and give shareholders comfort that increased debt has been offset by the acquisition of an asset of greater value; and / or
- make a compelling case to the acquiree for the issue of script rather than cash.

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Please show where CEO sold $1.65m worth of shares in RHP ?

RHP Price at posting: $1.60 Sentiment: Buy Disclosure: Held
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