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2.0¢ energy world corporation ltd

Slipform get their money when finance facilities are taken on by...

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eyeswideopen

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29/08/17

15:19

Post #: 26839761
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Originally posted by Oranje ↑

I think the answers to your 2 questions relating EWC existing in order to supply Slipform with work, EWC's profitability and existence being a secondary consideration is a resounding "NO".

If EWC commissions Slipform to carry out works on its future projects but is unable to pay for such works (ie. EWC profitability and existence is a secondary consideration) then I would think that Slipform (albeit a private EWI company) is also in most serious financial trouble (ie. how many 100s of million of dollars can it be able to forfeit). Hence, I think EWC's existence and profitability is of utmost consideration to the Board as a whole and especially EWC's CEO and Chair (and owner of EWI. Only if EWC is profitable can Slipform be paid for its current outstanding debt and for any work commitment in respect of future EWC projects.

Conclusion: EWC profitability and existence is the top priority of EWC management and Board and, be extension, the Board is acting for the benefit of all shareholders.

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Slipform get their money when finance facilities are taken on by EWC.

But I take your point, however it's not the same as having a Board who's whole focus is profit passed on to EWC shareholder's is it not?

EWC Price at posting: 42.5¢ Sentiment: Hold Disclosure: Held
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Last 2.0¢		Change -0.003(13.0%)		Mkt cap ! $29.24M

Open	High	Low	Value	Volume
2.1¢	2.1¢	1.9¢	$15.13K	757.5K

Buyers (Bids)

No.	Vol.	Price($)
2	1258505	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	77196	1

View Market Depth

No.	Vol.	Price($)
1	97	0.095
3	311964	0.094
1	300000	0.093
1	25000	0.092
3	54000	0.090

Price($)	Vol.	No.
0.096	20355	1
0.097	3101	1
0.099	60000	1
0.100	71326	2
0.105	220678	4

Last trade - 15.59pm 29/11/2024 (20 minute delay)

EWC (ASX) Chart