Hi Chris,
"Big bag of cash, could offer more shares, plenty of options to raise cash, CEO pay cut for one, list goes on."
Have you actually bothered to read the ARB results announcement?
Page 2: COVID-19;
"The senior management team and Directors reduced their remuneration by 30% to 50%"
"The interim dividend was deferred for six months to preserve cash"
"The Company secured additional borrowing facilities."
How would allowing a company like ARB to lay off workers due to economic uncertainty assist the "families who have now lost their businesses and homes due to lockdowns"?, "yet only get a pittance in comparison" The current JobKeeper payments of $1,500 a fortnight are passed through eligible businesses and paid to eligible employees, everybody has the same entitlement.
I understand people are upset and nervous over the outlook due to the virus and associated economic consequences, I myself had to wind up a business during the GFC with absolutely no government assistance on offer, but adopting a begger thy neighbour attitude to companies such as ARB is not going to assist the folks who are getting really hammered in this crisis.
- Forums
- ASX - By Stock
- Another welfare based zombie company.
Hi Chris,"Big bag of cash, could offer more shares, plenty of...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARB (ASX) to my watchlist
(20min delay)
|
|||||
Last
$43.38 |
Change
-0.880(1.99%) |
Mkt cap ! $3.583B |
Open | High | Low | Value | Volume |
$44.20 | $44.44 | $43.05 | $1.477M | 33.94K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 23 | $43.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.40 | 47 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 132 | 43.420 |
1 | 53 | 43.410 |
4 | 175 | 43.400 |
2 | 75 | 43.390 |
3 | 110 | 43.380 |
Price($) | Vol. | No. |
---|---|---|
43.460 | 25 | 4 |
43.470 | 4 | 2 |
43.480 | 15 | 1 |
43.490 | 87 | 2 |
43.500 | 2 | 1 |
Last trade - 12.16pm 04/10/2024 (20 minute delay) ? |
Featured News
ARB (ASX) Chart |