SWP 7.50% 18.5¢ swoop holdings limited

News: SWP Swoop Holdings Sees Significant Margin Increase For On Net Services VS Off Net Services..., page-14

  1. 103 Posts.
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    When you say big salaries what are you refering to at Swoop?
    The Non-executive Chairman is capped at $160,000
    The Non-executive Directors is capped at $50,000
    That's pretty standard. You can find more information on salaries in the annual report:
    https://hotcopper.com.au/data/attachments/3887/3887927-fc04ee0255343cf779f28a075882d587.jpg
    I'll admit $3.3m in cash bonuses are pretty signficant, especially based on the company size.
    That said, they did start the company, and pull the deal together - so personally I dont think that is too outrageous.
    Further, as mentioned they have a far bit of 'skin in the game' - and have seen any selling notice.

    The other mgt salaries look pretty reasonable to me. What do you think?

    When you say TG and son - own the companies acquired?
    What ones are you referring to? Like RBO, SF1- or other fixed wirless companies that SWP have since acquired?
    I can't find any other related party notes in the auditor report but i might not all show up yet for this year...

    I mean Anthony Grist (TG) runs a private equity business - I just copy and pasted the profile.
    So doesn't it make sense that he becomes chairman and then might transition out eventually?...etc.
    But I admit I haven't followed the history as well as you.

    I mean not all ventures work out, but equally I believe he's had some pretty big success, especially in the telco space too.
 
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