Alright for some.
Market cap - slashed.
Shareprice - ravaged.
Shareholder wealth - decimated.
Dividend – dead and buried.
A reminder of the company's remuneration policy being linked to share price performance (textbolding is by me) - 2013-2014 Annual Report (released to the ASX on 21/10/2014):
Performance of Horizon Oil Limited (page 38) "The annual performance objectives and share price hurdle are the means by which management links company performance and remuneration policy. Having regard to the current stage of the Company’s evolution, linkage of remuneration policy to share price performance rather than earnings is seen as the most sensible method of incentivising employees. Any increase in the share price of the Company has a positive effect on shareholder wealth."
The share price at time of release had already plummeted to 28.5c.
It seems every bit of positive news is sold into.
CEO has been rewarded – now time to reward investors and shareholders.
GLTA – M1
Alright for some. Market cap - slashed. Shareprice - ravaged....
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $324.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.5¢ | $334.2K | 1.670M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 440510 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 479345 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| HZN (ASX) Chart |