MAN 3.45% 3.0¢ mandrake resources limited

yeah maybe, but,the price plummeted after the raise and pretty...

  1. 5,560 Posts.
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    yeah maybe, but,the price plummeted after the raise and pretty sure it never recovered. While I was perusing the 6 month financial report,, I took the opportunity to consider if the amount of management fees the three office bearers are paying themselves . director payments are includedm in admin and corporate costs, ie $218K for six month period .

    divided by three directors, let’s say that’s approximately $70k per director for YTD December , or $140,000 each for the full financial year.

    lets say total yearly, Director Fees will be $500,000, not unreasonable . So unless the Directors are trading profitably in MAN shares to their own benefit via another associated entity , you couldn’t say that management is gouging cash from MAN.

    https://hotcopper.com.au/data/attachments/5949/5949620-5a0619f16ad7fb0d62dcf77078f3843b.jpg

 
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