Twelve months ago:
Board: Tell me what your vision of the future is.
Management: The high road.
Board: Tell me more.
Management: Less volatility. Higher margins.
Board: That is too good to be true. What are the costs?
Management: We need to spend big.
Board: On what? And what happens to earnings?
Management: Well, on us. I mean our salaries. And your salaries. Our consultant and IT friends for cost out and new systems. As for earnings, well look, this will all work out for the shareholders in the long run. As for the short...
Board: So how much are our salaries. No, I mean, your salaries going to increase?
Management: Whatever you think is standard as we go through a transformative cost out for the business. Excluding yourselves of course.
Twelve months later:
Board: Tell me what your vision of the future is.
Management: The high road.
Board: Tell me more.
Management: More expenses. Less disclosure.
Board: That is too good to be true. What are the costs?
Management: The shareholders might vote against the remuneration report. But that is a non binding vote. And we got away with it last year. And the shareholder won’t bother to vote anyway. Index funds don’t vote. Institutions are probably selling out. Retail investors are holding bags and don’t believe their votes will count. Day traders can’t vote. Plus I think they’ll buy the high road...
I’m sure this is not what happened, but the consequences of the past twelve months could support that narrative.
- Forums
- ASX - By Stock
- PGC
- Ann: Appendix 4E - Preliminary Final Report
Ann: Appendix 4E - Preliminary Final Report, page-56
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PGC (ASX) to my watchlist
(20min delay)
|
|||||
Last
46.5¢ |
Change
-0.005(1.06%) |
Mkt cap ! $769.7M |
Open | High | Low | Value | Volume |
47.0¢ | 47.5¢ | 46.0¢ | $152.8K | 327.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 46200 | 46.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.5¢ | 12200 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 46200 | 0.465 |
1 | 21732 | 0.460 |
4 | 138109 | 0.450 |
1 | 22471 | 0.445 |
1 | 20000 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.475 | 12200 | 2 |
0.480 | 39792 | 3 |
0.485 | 75702 | 3 |
0.490 | 4238 | 3 |
0.495 | 60796 | 2 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
Featured News
PGC (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online