FEX

2.50%

39.0¢ fenix resources ltd

Out of curiosity, would he also be paying interest on the loan...

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Stonemad101

343 Posts.

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17/07/23

11:44

Post #: 68821030
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Originally posted by Boodly: ↑

couple of thoughts;

There is a dividend policy that the company has adopted and JW always confirms. Surely they will follow it? If so then the profit number will be important - dividend should be between 50% and 80% based on the policy. Given the growth agenda I would expect more like 50% than 80%.

Welborn gets 100% of the full value of any dividends declared. When appointed Chair, he subscribed for 10million shares and paid 23 cents each for them which was fully paid for by a loan from the company. So he owns the shares and so gets the divvy. However, under the terms of the loan, Welborn has agreed to use 50% of any dividends he receives to pay down the loan. So he gets the full divvy with half of the amount reducing his debt balance (and thus increasing the value he has invested in the shares).

I doubt either the rugby player or the trucking right arse need the money (they’ve both got plenty!) so I expect they, as decision makers, will make the right call for the company. Either way they are both motivated to get value for their shares (either dividends or SP growth) and very aligned. Personally I would rather the share price go up and up rather than bouncing around and paying dividends.

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Out of curiosity, would he also be paying interest on the loan too ?

FEX Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 39.0¢		Change -0.010(2.50%)		Mkt cap ! $270.9M

Open	High	Low	Value	Volume
39.0¢	40.0¢	38.0¢	$442.6K	1.132M

Buyers (Bids)

No.	Vol.	Price($)
2	7792	39.0¢

Sellers (Offers)

Price($)	Vol.	No.
40.0¢	408953	9

View Market Depth

No.	Vol.	Price($)
2	7792	0.390
2	77000	0.385
6	234500	0.380
9	442350	0.375
10	471724	0.370

Price($)	Vol.	No.
0.400	370961	6
0.405	234637	3
0.410	124000	7
0.415	163200	5
0.420	476357	7

Last trade - 16.10pm 19/07/2024 (20 minute delay)

FEX (ASX) Chart

Out of curiosity, would he also be paying interest on the loan...

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Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

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Out of curiosity, would he also be paying interest on the loan...

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