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20:54
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Originally posted by romans:
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Private investors (not speculators/punters) do pay attention to the stock as I was purchasing last year before the Founder and Arrum started buying in mass at an avg cost of $0.485. I am not much of a market timer so I could have purchased for as low as $0.36 if I'd have waited a few weeks. I have made comments in this forum about the increased govt funding and structural improvements in the industry generally. I even asked a question for the Board at last year's AGM as to why they thought it was fair and reasonable for them to put in place such a low hurdle rate for their performance options given the dismissal share return in recent years under their guidance of the company and the relatively strong likelihood structural improvements alone would lead to stock price appreciation rather than their effective governance and management. It was not well received and weirdly justified based on the fact they had not received options in previous years due to the poor stock price performance and should have skin in the game. It clearly had not occurred to the board any of them they could actually by shares in the company on market! Around that time Andrew (Founder) and Arrum started buying on market aggressively and since may of us private investors have done very well.
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romans, A very thoughtful and well put together post. This may sound mercenary but you are dead right this is about financial metrics. The fact that we are dealing with aged care to me is irrelevant , it could be growing spuds running a pub or a whore house the outcome is the same, if you don't make a buck you go broke. As I have stated before like a drunken parrot and a candidate for one of these homes, this is a growth industry which will be subsidised by government . Imo a licence to print money lol!! The takeover bid I will vehemently appose at this disgusting low ball offer.
