Directors dont own 90% ,to the contrary they say they only less than 0.1% of the capital of the company.
Anton Billis did declare an interest -- by way of directorship only,--not shareholding--of around 56%, some 28m shares. The rest is held by outside punters--some 22m.
But when it comes to privatisation , maybe by dilution to existing shareholders is their solution, as per RND our (TBR's) subsidiary which we currently own 44% of the 60m shares on issue after the potential vend we will own less than 6% of the then 444m shares on issue.
And RND will go from owning 23% TBR to owning less than 8%
http://www.asx.com.au/asxpdf/20120921/pdf/428wbjkvy4msq6.pdf
This may be one of the reasons why TBR trades at such a big discount to its intrinsic value.
where to from here?, page-4
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Last
$4.58 |
Change
-0.060(1.29%) |
Mkt cap ! $240.3M | |||
| Open | High | Low | Value | Volume |
| $4.64 | $4.73 | $4.48 | $365.0K | 79.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6903 | $4.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.75 | 5175 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| TBR (ASX) Chart |