Pioneer Credit listed on the ASX back in May 2014 at an issue price of $1.60. Today the share price has dropped to 49 cents. The original share holder have lost 69% of their initial investment since May 14.
In Aug 2018 the share price hit a high of $3.50..since then the share price has dropped by 86%.
Back in May 2014 the CEO was Keith John and the chairman was Michael Smith. These guys are still in their roles and drawing salaries and benefits.
I find it frustrating as a shareholder seeing todays announcements that Keith John has been issued 425,000 free shares under an equity incentive program. This isn't the first time for a free give away.
While the rest of us shareholders are suffering, some with significant losses the CEO continues to be "rewarded" for his " under performance".
Loss of Shareholder Value
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Last
47.5¢ |
Change
-0.010(2.06%) |
Mkt cap ! $64.10M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 48.0¢ | 47.5¢ | $22.46K | 46.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 50000 | 1 |
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| Last trade - 12.59pm 26/07/2024 (20 minute delay) ? |
| PNC (ASX) Chart |