The problem is that management is rewarded for total return which includes any increase in NTA in any given year which, for shareholders, sounds great until you realise:
(1) management isn't punished for any fall in NTA; and
(2) they could sit on their collective ass and reap enormous rewards, as an NTA previously smashed by poor performance (or overgearing) benefits from the inevitable turnaround in the property cycle, supercharged by that same overgearing.
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Last
67.0¢ |
Change
-0.005(0.74%) |
Mkt cap ! $360.0M | |||
| Open | High | Low | Value | Volume |
| 67.5¢ | 68.0¢ | 67.0¢ | $287.6K | 426.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 79439 | 67.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.5¢ | 34904 | 2 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| GDI (ASX) Chart |