The fees taken by M&co are sickening. Have they ever heard of fiduciary duty? What is wrong with running an investment mandate to the benefit of the owners? Madness to be doing a cap raise while accruing/paying hundreds of millions in fees. Unbelievable that shareholders are so passive at being fleeced
(yes I know it was all by the book etc, its the ethics of it that get me)
Last edited by Traderx; 11-06-2020 at 04:49 PM.
Reason: typos
The fees taken by M&co are sickening. Have they ever heard of fiduciary duty? What is wrong with running an investment mandate to the benefit of the owners? Madness to be doing a cap raise while accruing/paying hundreds of millions in fees. Unbelievable that shareholders are so passive at being fleeced
(yes I know it was all by the book etc, its the ethics of it that get me)
Their performance looks pretty good, check out the 10 year chart. I make it re 18.6% return per year including dilution.Dont know how many cap raises.
The issue price for shares issued under the SPP is the lesser of $4.76 and a 2.5% discount of the VWAP over the period from today until next Thursday. If the VWAP was equal to today’s closing price of $4.77, the issue price would be $4.65. So for anyone participating, the lower the share price through to next Thursday the better (assuming of course it’s only a temporary aberration of course).
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