TGP 360 capital group

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64.0¢

I had forgotten about my original question.you r probably...

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Adimadis

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05/11/22

09:26

Post #: 64603078
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Originally posted by gerling: ↑

Yes - your post is on point. (Apologies for slow response here).
That does appear to be an incredibly generous rights issue, for a pretty low hurdle. (Raising $100M over the next 3 years).
And we are not taking about a small kicker here. But 18M shares (+7% to SOI)

Your post also prompted me to read the remuneration report. Which is not typically something I've review (probably to my own peril!)
And there are a few concerns in the Annual Report.
For example, issuing the STI on a TSR of 4.5% (well short of hurdle, but it was a tough year on the markets).
Termination benefits looked generous to the heads of credit (very short tenure)
Curiously, the head of credit also received a $250K long term cash incentive. (When he wasn't even an employee in 2017 when this was issued).

So that the MD, CEO, CFO all made $1m+ in FY22. Yes, a great year given the IAP transition was a bumper profit.
But a few surprising actions within it all, that some might consider exceptionally generous.

Zooming out, it is also surprising that employees who are making 7 figures, need to be provided bonus shares, and long-term non-resource loans to purchase shares. Could they scrimp and save some of their (lavish) salary to buy their shares on-market, like us retail schmucks?

Yes. There is some disappointment

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I had forgotten about my original question.

you r probably correct. Tony owns fair chunk of TPG and retail SH will always be at the end of the queue.

Have mage a good, not great, profit on TPG since 2019 and expect Tony will deliver something similar over next 3 years.

But don't plan to be a long term holder and will probably sell out if the SP moves again in next 6-12 months.

TGP Price at posting: 82.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 64.0¢		Change 0.000(0.00%)		Mkt cap ! $125.9M

Open	High	Low	Value	Volume
64.0¢	64.0¢	63.0¢	$15	23

Buyers (Bids)

No.	Vol.	Price($)
3	38742	63.0¢

Sellers (Offers)

Price($)	Vol.	No.
64.0¢	44970	1

View Market Depth

No.	Vol.	Price($)
3	38742	0.630
2	51025	0.625
2	25065	0.620
1	18650	0.615
1	15000	0.605

Price($)	Vol.	No.
0.640	44970	1
0.645	1000	1
0.650	17569	1
0.655	13940	1
0.660	81203	3

Last trade - 16.10pm 25/07/2025 (20 minute delay)

TGP (ASX) Chart

I had forgotten about my original question.you r probably...

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