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$19.90 schaffer corporation limited

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timber1956

7,423 Posts.

152

06/07/20

08:07

Post #: 45658555
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Originally posted by hanktanson: ↑

Yeah, I'm out. The company is great in theory i.e makes good money and undervalued compared to its assets. In practice, the company looks like it is run to pay the main owners, who happen to be the managers, high salaries. The company is not shareholder friendly. They are making stupid investments like this and in general by buying listed securities. They should be returning money to shareholders in the form of larger dividends and buybacks. There is also a big case for splitting the company in 2 to separate and revalue their real estate assets. Of course, management has no incentive to do any of this when they can hoard cash and ensure continually high salaries for themselves.

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SFC Price at posting: $12.95 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $19.90		Change -0.110(0.55%)		Mkt cap ! $270.1M

Open	High	Low	Value	Volume
$19.90	$19.90	$19.90	$16.25K	817

Buyers (Bids)

No.	Vol.	Price($)
1	50	$19.80

Sellers (Offers)

Price($)	Vol.	No.
$20.01	103	1

View Market Depth

No.	Vol.	Price($)
1	50	19.800
1	51	19.510
1	179	19.500
1	3000	19.400
1	51	19.370

Price($)	Vol.	No.
20.010	103	1
20.250	2000	1
20.850	25	1
21.500	96	1
0.000	0	0

Last trade - 14.22pm 08/05/2024 (20 minute delay)


Last $19.90			Change -0.110 ( 0.81 %)
Open	High		Low	Volume
$19.90	$19.90		$19.90	23
Last updated 14.07pm 08/05/2024 ?

SFC (ASX) Chart

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