Warren Buffett said one of the key roles of the board of directors is to stop CEOs from buying companies that don’t increase value for the shareholders - stop CEOs from building their empire via takeovers. He also said such acquisitions rarely increase value for shareholders. What has been the outcome of the Society One takeover? Debt crisis, share price collapse, and loss of market confidence. Even if they pay off the 25m, what about the 50m further down the road? Why did MME take out a loan that they couldn’t repay?
Warren Buffett said one of the key roles of the board of...
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Last
7.0¢ |
Change
0.001(1.45%) |
Mkt cap ! $56.00M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 7.0¢ | 6.8¢ | $72.37K | 1.050M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4068 | 6.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 13316 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
6.8¢ |
Change
0.001 ( 1.45 %) |
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| Open | High | Low | Volume | ||
| 7.0¢ | 7.0¢ | 6.8¢ | 63365 | ||
| Last updated 15.56pm 26/04/2024 ? | |||||
| MME (ASX) Chart |