SEN 0.00% 1.5¢ senetas corporation limited

Good money after bad?, page-24

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    lightbulb Created with Sketch. 1954
    Hi guys
    I honestly dont buy the argument that if one is free Carried one does not care about the capital. Let’s say I buy a share for 50c and over the years it pays me 50c dividends post tax . My share is now worth 5 dollars . Does that mean if I oversee the company I don’t care if I ran it down and make my 5 dollars share/ 50c because I am free carried. Makes no sense . Said it before and I will say it again - FG on paper has lost millions over the last few years and I very much doubt he has knowingly and willingly allowed the company to destroy his wealth
 
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