Great minds think alike ! Got up to just under 15% this morning.
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I wonder, if this stock struggles with the liquidity teat for inclusion on the Nzx50, would a stock split help?
Does the board prefer flying under the radar ?
Currency nearly at 69 cents U.S. !
From what I’ve been told about Mr Glasson as a long time shareholder and one that’s likely to be for many years the share price doesn’t really matter
He knows that the whims and fancies of punters (so called investors) means the share price sometimes is 2 bucks something and at times 6 bucks plus.
Main aim is to ensure the company performs consistently well ....and he gets his zillion dollar divie on a regular basis....ie a true long term ‘owner’
Maybe his accountant might tell what his shares are worth
Be a worry if he sold out wouldn’t it.
Of course. I do agree that the share price is neither here nor there if the underlying business is profitable.
Ultimately as director of a company your duty is to maximise return to shareholders. They tick the box in regards to dividends, but i do think the market cap is beneath where it could be.
Another angle is branding too. Ramping up expansion in aussie at some point will they consider asx opportunities to help with brand awareness.
Its more than likely a case of if its not broken dont fix it.
Thanks for your input winner. I wont take offence as the “dumb” idea is not my own.
I’m a director and I take that duty very seriously. Call me dumb if you want but my shareholders sure appreciate it, thats why when i go to them with business ideas they invest without question.
I’m on sharetrader to share compare ideas - and learn. Not sure what the above interaction is all about , but i definitely don’t feel I’ve learnt anything useful.
Let me clarify what I was initially suggesting.
Alot of seasoned posters on here have said how undervalued the company is, on pricing multiples and that its only heading north. I’m onboard with that narrative (significantly), im not a short term investor like you insinuated. I do believe that the share price is heading in the right direction, however in looking through the history of this share price it seems to reach these prices and then at the first sign of trouble it drops substantially back down, which based on this companies fundamentals doesn’t make sense.
I believe and others have mentioned that a significant reason this happens is the size of the free float, and that it doesnt garner enough coverage from the brokers.
What I was suggesting is that if they considered a stock split it may help with any liquidity issues they have to get onto the index.
I saw a comment today on another thread that summerset did this a way back and look where their shareprice is now.
More shares = more investors = more coverage = more value - Right?
Is the above suggestion that outrageous? sorry if I’m completly missing something here.
My next confusing thought is this; as a long term shareholder arent you interested in the long term value of your portfolio growing? I know I am, so I dont get the mentality of “the boards to busy running the company to worry about the share price” especially when long term posters on here have demonstrated that this company is still being materially undervalued ( I do recognise its heading in the right direction).
Again, maybe Ive got this wrong somewhere, but like I said I’m here to learn, so educate away!