dabozza is right to point out how the design of the performance rights are not in shareholder interests. You are getting a perverse situation whereby a reduction of $0.5m of adjusted EBITDA (on my figures - it looks like dabozza's number would be a little higher given their calculation of performance rights to be issued) would drop below the 70% EBITDA target and result in the issuance of no performance rights. Bizarrely that seems like a better outcome than the likely issuance of $1.5-$1.8m in performance rights.
I don't think this is a particularly strong Board. I've seen a few things that have annoyed me and I wrote to them after they did a placement to Capital H at the current share price and announced the PFAS results in the same announcement, which obviously immediately led to a rerate. Fortunately I do rate the CEO. He is driving the turnaround in this company. I just hope the spoils of that are shared with us.
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Last
33.0¢ |
Change
-0.005(1.49%) |
Mkt cap ! $123.2M |
Open | High | Low | Value | Volume |
32.5¢ | 33.5¢ | 32.5¢ | $17.21K | 52.49K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49683 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.5¢ | 188596 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49683 | 0.325 |
7 | 79322 | 0.320 |
2 | 103143 | 0.315 |
5 | 31597 | 0.310 |
2 | 36667 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.335 | 188596 | 2 |
0.340 | 172029 | 5 |
0.345 | 23000 | 1 |
0.350 | 104100 | 2 |
0.355 | 56250 | 2 |
Last trade - 14.56pm 09/07/2024 (20 minute delay) ? |
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