a LIC is more than the manager ,it is also the board's capability. This board fired OC (31.2% year to June) and then allowed George B to decide to sell the management rights to Naos, without an open tender. the reality was the rights were worthless and better managers could have been hired by a competent board at significantly lower fees. These same directors are now refusing to buyback at what we all agree is a large discount. They cannot in anyway be acting in the best interests of shareholders. Under their watch the stock has fallen from $1.10 to todays pitiful price. When the small cap index is flying. The cost to shareholders is $10 's of millions. they have to GO!
DYOR
a LIC is more than the manager ,it is also the board's...
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Last
47.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.38M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 47.5¢ | 47.0¢ | $70.03K | 147.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 75852 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 105210 | 2 |
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| Last trade - 15.44pm 13/09/2024 (20 minute delay) ? |
| NSC (ASX) Chart |