WDR = WEALTH DESTRUCTION RATE. Some facts. On the 15/8/16 the closing SP was A$1.11. On 21/7/17 it was A$0.18. A modest reduction the BLK management team might say!!!. ON 339m shares that equates to a wealth destruction of A$312m (84%) in about 11 months. In simple maths the BLK management team have been responsible for reducing combined shareholder wealth by JUST UNDER A$M PER DAY ("WDR"). For that outstanding WDR the BLK board get MUDDY BOOT AWARD. May they apply it to the posteriors of themselves and the executive team so that a new and considerably more effective board & team can be appointed before it is TOO LATE.
BLK Price at posting:
18.0¢ Sentiment: Sell Disclosure: Not Held
