Could be right. Yesterday was the 1st time I took a look at newhauls website. bar the Fenix / Newhaul JV there isn't a lot more on there. Almost all photos are of Fenix Newhaul trucks and yet FEX still pay them the $200k per month for "management services". I don't really get why it would be cheaper and higher value for shareholders to spend that money directly with a shell corporation rather than deal with it in house. It works out to be around about 2.5% if Fenix Newhauls cost base which is sizeable.
www.newhaul.com.au
Ann: Half Yearly Report and Accounts, page-191
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Last
24.5¢ |
Change
-0.005(2.00%) |
Mkt cap ! $176.5M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 24.5¢ | $125.0K | 503.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 281715 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 739091 | 7 |
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| Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
| FEX (ASX) Chart |