Imagine you own commercial property and you only have 40% of your property leased.
Right now there's a buyer willing to pay over the odds for the empty 60%.
This is the problem with this structure: if they sold that 60% and returned a good capital gain/profit to shareholders, their assets under management and thus management fees would drop significantly. So there's no incentive for them to do a good deal. Thus they are not working in the shareholders interests but their own.
I think that's why they did the failed and stupid Treasury Wine deal.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.52 |
Change
-0.020(1.30%) |
Mkt cap ! $238.0M | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.54 | $1.49 | $357.4K | 235.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 83429 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 25000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| D2O (ASX) Chart |