Excellent point, Peter.Don McGauchie, the Chairman of AACo was encouraged to ‘think bigger’ that the ‘limitations’ in the business case by Tavistock director Shehan Dissanayke – with Tavistock ‘lending’ AACo the cash via Convertible Notes that have allowed it to buy 51% control on the cheap.Only Don could answer how shareholder interests were served by his decision (as there are no other independent directors still around from that era when the decision was made – happy to be corrected).’
Found the above post on Beefcentral. States that Shehan Dissanayke is the Tavistock director on the AAC board who pushed the Livingstone abattoir.
https://www.beefcentral.com/news/aa-co-agm-questions-failed-livingstone-beef-plant-continues-to-arouse-investor-curiosity/
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Excellent point, Peter.Don McGauchie, the Chairman of AACo was...
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Last
$1.36 |
Change
-0.040(2.87%) |
Mkt cap ! $816.7M | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.39 | $1.35 | $107.8K | 79.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14789 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 106533 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.36 |
Change
-0.040 ( 0.04 %) |
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| Open | High | Low | Volume | ||
| $1.36 | $1.37 | $1.35 | 6353 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| AAC (ASX) Chart |