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.
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Yes, I voted against the motion on principle. At the moment the...
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$3.75 |
Change
0.050(1.35%) |
Mkt cap ! $1.982B |
Open | High | Low | Value | Volume |
$3.77 | $3.77 | $3.72 | $4.495M | 1.200M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5588 | $3.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.76 | 32054 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5588 | 3.740 |
3 | 26070 | 3.730 |
8 | 50978 | 3.720 |
3 | 13530 | 3.710 |
6 | 10916 | 3.700 |
Price($) | Vol. | No. |
---|---|---|
3.760 | 32054 | 4 |
3.770 | 36405 | 6 |
3.780 | 12944 | 2 |
3.790 | 1376 | 2 |
3.800 | 5876 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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