Yes, I voted against the motion on principle. At the moment the business model requires no skill - the royalties come in from BHP without any management 'skill' or need for 'marketing'. If they ever advertise jobs at 1/2 the rate of the incumbent management I will happily apply!
If they look towards acquiring other royalties these will likely be at a lower return to the current royalties, and effectively dilute the long-term potential of BHP, if this occurs I will be looking to exit.
DRR is certainly misunderstood in the market, I assume the global royalty players understand and are getting interested after the significant price drop which is discounting the current and future BHP volumes, even at a markedly lower IO price.
Why a bonus for banking royalties?, page-7
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Last
$3.59 |
Change
-0.020(0.55%) |
Mkt cap ! $1.898B | |||
| Open | High | Low | Value | Volume |
| $3.56 | $3.62 | $3.56 | $3.661M | 1.018M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 25399 | $3.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.62 | 28950 | 7 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| DRR (ASX) Chart |