AGM 21/11 off ASX
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
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AGM 21/11 off ASX
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
I am surprised to see the price this low and am wondering whether the price is lower due to task exiting the nzx. I am still happy accumulating and am wondering when it will bounce as HY figure is coming up and we will all get a better understanding of how they are doing. Longterm view on this remains good as long as they maintain positive cash flow. A bit of a drop in that after the last review.
Very Disappointing, another Share Dilution today, yay... :t_down:
How companies treat STI/LTI share issue expenses is a bit of a pet peeve of mine.
They are totally 'real' expenses even if they are non cash and always irritates me when management remove them from reported or underlying EBITDA/EBIT/NPAT/whatever. If they didn't have these share schemes, they'd probably have to remunerate staff by that incremental amount to stay.
But the rub comes when the performance rights / options or whatever are vested/exercised, and the number of shares increases. A double whammy on EPS, as you incur the P&L cost which reduces NPAT, and increase the number of shares, which overtime decreases EPS more than just paying more in the form of cold hard cash.
Not a comment directed at Task but just generally. And I'm not against them and understand the benefits of saving cash when a company is in cash burn mode or is capital intensive, and the alignment it brings. but more just a comment on how companies present their earnings and the impact on EPS which never gets recognised by the mgmt teams or analysts.
5 years ago TSK's share price was $1.17.
Today it is 38 cents.
Seems to me they should be renamed; NON performance rights.!!
TSK, IKE, ARB and PEB top of losers on NZX leaderboard at moment
What a combo …..no more comment
Some investors won't fancy holding ASX listed stocks so probably selling out or lowering their holding, likely some extra pressure towards moving out date.