PNC pioneer credit limited

Loss of Shareholder Value

  1. 600 Posts.
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    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".





 
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(20min delay)
Last
52.5¢
Change
-0.015(2.78%)
Mkt cap ! $84.37M
Open High Low Value Volume
53.0¢ 53.0¢ 52.0¢ $42.00K 80.39K

Buyers (Bids)

No. Vol. Price($)
1 14000 51.0¢
 

Sellers (Offers)

Price($) Vol. No.
54.5¢ 19801 1
View Market Depth
Last trade - 16.10pm 14/07/2025 (20 minute delay) ?
PNC (ASX) Chart
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