Rob Campbell buying more shares
https://www.nzx.com/announcements/359638
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Rob Campbell buying more shares
https://www.nzx.com/announcements/359638
You need to pay people commensurate with the job that they do, these share rights issues are effectively salary at risk as part of their employment agreement.
e.g. Graeme's target under DSTI is 50% of his base salary.
Remember back in April, Graeme took a 40% pay cut, as did the CFO and COO till the end of 2020 and the board's fees were reduced by 50%.
There is no doubt that Graeme, Rob and the exec team have worked very long and hard hours during this Covid outbreak to sail the ship in the right direction.
I have no problem with them being issued these shares as part of their salary, infact I believe it is a good thing.
Its a casino stock.. lots of people being paid high salaries to keep the gambling and entertainment machine going. Casino stocks always pay management position well to keep pushing entertainment message. Lots of over paid upper management but thats what you do else they will go and talk rubbish in another casino.. Working in management in these companies is as addictive as it is for some punters, just like horse racing.. You should see the types horse racing attracts..
DSIC: trade this stock.
It will be a solid investment long term - very good property and license assets.
"It will be a solid investment long term - very good property and license assets."
exactly.
Comes 2021, comes negative interest rates.
Hugh yielding stocks like SKC will be re-rated massively imo and I fully expect the sp to have at least a $5 in front of it within the next 2 years.
Seen it all before when interests dropped sharply in the 1990s and 2000s.
Except that this time, with negative interest rates I will add - ‘you ain’t seen nothing yet!’
Not so far back pension fund models relied on 6% return (I recall one using 7%). Current environment makes even 3% a big challenge. That's a huge difference, they will be burning capital. If you believe interest rates will stay "low for long", and that SKC reverts to a half decent 5%+ divvy (given all the new shares on issue 20c seems unlikely for a while) consider the appeal for the non-ethical international pension fund.
I've never really understood the whole "non-ethical" thing about SKC. They sell entertainment to people who want to buy it. The entertainment is not damaging per se. Almost all companies will do their level best to get you to buy something you don't need and can't afford with money you don't have. Gambling can be addictive and can damage people's lives. The same is true, to some degree, of many products and services. SKC would be one of very few companies who go out of their way to identify problem customers and discourage them from their consumption. I'd call that within the bounds of normal ethical behavior.