I think the company should include a table outlining how much each investment has contributed to the bottom line. Some of the investments have opaque structures. It is near impossible to understand what is doing well and what is not. The level of cash is a strong feature. Maybe a buyback should be considered. If many more months go by with a significant cash balance (which must be one of the largest investments on the balance sheet) generating a near zero returns without being deployed, it will be a loss for shareholders.
is there a time frame on when it will be spent or ultimately returned to investors?
The presentation is almost asking for a someone to make an offer.....
Ann: FY2019 Results Announcement and Investor Presentation, page-13
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Last
$10.19 |
Change
-0.060(0.59%) |
Mkt cap ! $525.5M | |||
| Open | High | Low | Value | Volume |
| $10.24 | $10.24 | $9.93 | $145.2K | 14.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110 | $10.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.19 | 132 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$10.21 |
Change
-0.060 ( 0.39 %) |
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| Open | High | Low | Volume | ||
| $10.16 | $10.21 | $10.02 | 1539 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| PAC (ASX) Chart |