EGL 1.49% 33.0¢ environmental group limited (the)

dabozza is right to point out how the design of the performance...

  1. 22 Posts.
    lightbulb Created with Sketch. 6
    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.
 
watchlist Created with Sketch. Add EGL (ASX) to my watchlist
(20min delay)
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
Last trade - 14.56pm 09/07/2024 (20 minute delay) ?
EGL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.