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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50.0¢ |
Change
0.010(2.04%) |
Mkt cap ! $67.43M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 51.0¢ | 50.0¢ | $19.35K | 38.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10137 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 22055 | 1 |
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| NSC (ASX) Chart |