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12/10/17
22:29
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Originally posted by Teddyward
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They have known about this buyback request for a period of time and seemingly have failed to show holders that they are able to use $ to produce a better result for shareholders so the question I think should be on the spill?? Imagine giving 5 mill back in a buyback and then needing cash before they are profitable? They need to use cash other than on wages IMO and if current strategy on sales growth isn't working they need to get a strategy that does.
Imagine setting performance rights based on volume not profit or margin? That says a lot IMO as they are no way aligned with shareholders who need a profit to have a rising price and return on investment. .
Send em a serious message with a 2nd strike ?? Can't see other options unless they come out with a serious announcement before AGM that fixed a few of the holes and IMO under performance?
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there were margins mentioned in those tables - but they were not met!
yes - I did not see any hurdles relating to SP performance.
were there any relating to return for shareholders at all??
also in there were details and records of the free shares given to Loxton and Fields.
Millions of shares - when the SP has gone from $1.20 to 18c !
we need accountability - not free handouts.