Unfortunately, it is my fear that DGR holders will not get any real value from the sale of it's SOLG interest if the past can be referred to. Our CEO, other Executives and Directors of DGR , will reap huge amounts from the sale of their SOLG shares, but individual DGR shareholders though selling at a high price, will not receive very much from that sale. Our CEO has approximately 5-7% interest in DGR and approximately 6.5% interest in SOLG. If CEO"S SOLG interest is sold as part of this joint block being discussed on the forum, making up some 30% of total of SOLG, one could see value going from 40 pence to say 60+ pence per share. At the recent farm in price of 40 pence a share, a 1 percent interest is worth @ 10 million pounds.....so CEO's 6.5% will be worth (at current prices) 65 million pounds (or conservatively will over A$100 million). That 65 million pounds will go directly to our CEO. Nice little nest egg. Add another 50% if value does reach 60 pence per share!!!!!!!!!!!
Now if DGR sold its 14.5% at 40 pence then our company interest is worth around 145 million pounds (@ A$250 million). How much will the value of DGR shares increase by? That's a question that begs answering! And more importantly, who are the ones that will made decisions as to how this windfall will be distributed?
Remember OBS's sale at 65-7o cents per share which our CEO owned approximately 7% of. As a result of that sale DGR shareholders' received a dividend of a cent+ per share, while the rest of the money received from the sale of OBS continued to pay DGR's CEO $500,000 per year and then allowed him to throw the rest into all the other companies of DGR, which our CEO has quickly accumulated significant percentages of shares in (e.g. SOLG ...6.5%) and also pay himself additional salaries (conservatively over $1,150,00 per year in total). If someone has an interest and ability, perhaps research will confirm how much our DGR CEO, and the other directors and executive members, own of these other sibling companies. Very rewarding to be part of this team.
Unfortunately, I am not confident that a possible realization of DGR's 14.5% interest in SOLG will massively increase the value for DGR ordinary shareholders. The structure that has been put into place is for our CEO and his cronies to make the big money by buying directly into or being given self granted bonuses at hugely discounted prices into the other companies, and then selling that interest down the track while ordinary DGR shareholders get a pittance. Have a look how much long term holders in DGR have lost over the last 5 - 10 years in the actual share value of DGR while envisaging how much our CEO has profited with his total annual salaries, his profits from sale of OBS and now the potential sale of his 6.5% of SOLG.
This fellow has far too much power and there is certainly a total conflict of interest in my view.
- Forums
- ASX - By Stock
- Conflict of Interest issue
Unfortunately, it is my fear that DGR holders will not get any...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DGR (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.61M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $510 | 51K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 134236 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 1983333 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28219 | 0.130 |
3 | 250000 | 0.125 |
3 | 1020491 | 0.120 |
1 | 500000 | 0.115 |
3 | 99220 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 65000 | 1 |
0.140 | 393111 | 1 |
0.145 | 295471 | 3 |
0.150 | 95000 | 2 |
0.160 | 47375 | 3 |
Last trade - 13.07pm 02/12/2024 (20 minute delay) ? |
Featured News
DGR (ASX) Chart |
Day chart unavailable