Crikey & https://nitter.cf/t.co/kS7uXPysU3 founder # shareholder advocate # Ex LG Cr # Money Cafe Podcaster # Crikey & Intelligent Investor contributor.
Melbourne
Joined April 2009
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Stephen Mayne retweeted
A very funny finish from Gillon McLachlan at today’s Tabcorp AGM regarding his spectacularly unsuccessful investments in many race horses.
Stephen Mayne retweeted
Russia’s sprawling Novokuibyshevsk Oil Refinery is on fire this morning following reports of a Ukrainian drone attack.
Locals reported multiple pillars of smoke rising from the refinery complex.
Stephen Mayne retweeted
We don’t hold this $MYX turd (we got plenty other turds )
But if you in this mess of a company - then I recommend you vote for Brett !!
At the very least he will act in your best interest
He might have an uphill battle ahead - but at least he’s trying 👏👏
👇👇
$$MYX.AX : CEO Pay for NO Performance
So the company sneaks out announcements at 7pm when they hope that nobody is watching about the CEO pay granted that is not in any way tied to performance.
nitter.cf/toy59496/status/211494…
Also in case you missed it notice the circa $600k Cosette retention bonus he received.
Hang about you say!? The deal didn't go through and we lost a crap load of money. You know, like HALF A BILLION across the shareholder base. That's correct. But what the hell, they paid it to the management anyway... It's not like the Board had any substantial personal equity. It's always easier to pay people with someone else's money. In fact do any of you guys want to pay my electricity bill?
Not only that, this CEO, less than a year into his very first gig being a CEO, is paid well above what you would expect for a $200m (and dropping) market capitalisation company especially after a Q1FY27 quarterly where underlying EBITDA has HALVED and the business is obviously in significant distress.
In fact interestingly the EBITDA is roughly what he has been paid which is the another reminder of the corporate bloat in this company.
This is not criticism of the CEO who quite rightly trys to get as much as he can, and in fact I think Aaron has a good mind, and properly incentivised with performance measures might actually achieve value for shareholders in selling the sum of parts.
Rather it is a serious criticism of the oversight function of a Board that has no equity in a personal name and apart from Jacob little or no equity at all.
You can see why I no longer have faith in the board.
Don't forget to vote FOR resolution 4.
Disclosure: I am a shareholder and a candidate for election to the Board. This post and my videos express my views and supports my election. It is not a recommendation to buy, hold or sell shares. Seek independent financial advice before making investment decisions.
Stephen Mayne retweeted
Polish FM Radosław Sikorski:
"There is a myth that has been successfully planted in the West that Russia always wins.
But things don't always go their way.
They lost the Crimean War. They lost the war against Japan. They emerged from World War I with their tails between their legs.
They lost the invasion of Poland. They lost Afghanistan. And they lost the Cold War.
So things can turn out very differently." - @sikorskiradek
Stephen Mayne retweeted
With unemployment at a five-year high of 4.7%, @JEChalmers and @AlboMP are making it harder for Australians to start businesses and create jobs.
Rushing a CGT Bill into Parliament with barely any notice and a few start-up carve-outs won’t fix the damage. This is economic vandalism. What are your thoughts? #StoptheCGTtoGetAhead #JoinWARonCGT
thenightly.com.au/politics/l…
Stephen Mayne retweeted
Victorian government debt binge is crazy - ignore the made-up "net" numbers, the only thing that matters are the gross, or actual, debt figures...In 2019 Victoria’s public sector owed $54bn. By 2028 it will owe $257bn. That is $34,500 for every man, woman and child in the state, up from $8,200. The interest bill alone hits $8.9bn a year in 2026-27 and $11.8bn by the end of the decade. NSW is not far behind: $59bn to $243bn, or $27,300 a head. Queensland goes from $68bn to $184bn, $30,900 a head once you count its state-owned power and water companies. Three states, half a trillion dollars of new debt in under a decade, and the projections still have the lines pointing up. Someone has to pay for this, and it will be the next generation of taxpayers. Figures are non-financial public sector borrowings at 30 June, from state budget papers and audited outcomes; 2026 to 2028 are budget projections.
#StateDebt #Victoria #NSW #Queensland #AustralianEconomy #Budget #Debt
Stephen Mayne retweeted
Fast talking captain Brevity Pat O’Sullivan has absolutely no idea why there was a 15% rem protest vote at today’s Siteminder AGM. We met everyone and they loved it. Perhaps the 3 critical rem questions you read out earlier from 2717 Partners might have something to do with it.
Stephen Mayne retweeted
Tried to put a stop to all the top table laughing at Star by asking new audit committee chair Don Pasquarelli if he’s asking enough tough questions on the accounts. Turns out he’s the former ALH auditor, so knows the Mathiesons well.
Stephen Mayne retweeted
He destroyed his country, maybe they want him to destroy the UN as well?
New: Sources from three countries confirm that the Trump Administration has advocated Viktor Orbán for UN Secretary-General.
The US has encouraged Orbán to enter the race, even bringing him the initial idea of a joint U.S.-Russia-China candidacy.
WSJ:
wsj.com/opinion/viktor-orban…
Stephen Mayne retweeted
For the idiots on all sides:
The war will continue if Putin were to be replaced in Russia.
The war will continue if Zelensky were to be replaced in Ukraine.
The war will end only when:
1) Russia suffers catastrophic defeats on the front.
2) Russian economy collapses.
Stephen Mayne retweeted
Yes Ted, wish I got this much reaction for an AGM tweet. Shame it's so hyper-partisan and OTT. I'm a swinging voter and don't believe there is any such thing as a good 4th term government so hoping for change this time.
Stephen Mayne retweeted
President Trump in Michigan: "By the way, I looked at one hell of a beautiful ass before: Nicki Minaj. That's hard to miss. Stand up. That's hard to miss."
Stephen Mayne retweeted
Of course, the truth is that they would have cut Ukraine off from both Starlink and Starshield long ago, stopped sharing intelligence on Russian ballistic missile launches targeting Ukrainian cities, and done just about anything to cripple Ukraine’s ability to defend itself.
Ukraine is a thorn in their side, standing in the way of their sweet dealings with the Kremlin.
The problem is that they haven’t had much luck with the country they’re trying to do this in. America is still not Putin’s Russia. And despite their frantic efforts to tear it all down, America still has Congress, elections, courts, public opinion, rules, and moral values.
Stephen Mayne retweeted
Flew to Sydney yesterday & took my girl friend’s mum to the EVT AGM. We’re still in shock that billionaire Alan Rydge, who runs breakfast buffets at his Rydges hotels all over Australia 7 days a week, didn’t even offer a dry biscuit or bottled water to shareholders. No respect!
Stephen Mayne retweeted
Why has Alan Rydge called in Rothschilds now to assist with a big EVT strategic review which may lead to huge Sydney CBD property sales? He admitted part of his shareholding is pre-1985. Therefore, it’s tax effective to get the share price as high as possible on June 30, 2027.
Stephen Mayne retweeted
BREAKING: A reporter asked Mike Johnson today, “Should we bother asking you a question about Jared Kushner treasonously manipulating US foreign policy behind Marco Rubio’s back with billions in laundered bribes sitting in secret bank accounts, or have you not heard about it yet?"
Stephen Mayne retweeted
If you don't read anything else today, certainly not contributions from unscrupulous players seeking to politicise the issue, access Cathy McGowan on the Helen Haines tragedy for a country for decent people like her @SatPaper thesaturdaypaper.com.au/news…
Stephen Mayne retweeted
Am causing some good trouble at AGMs across the ditch. Had a 20 minute phone interview today with a Kiwi journo who is doing a piece on the whole remuneration report debate. For instance, here's a wrap of the action at this morning's Auckland Airport AGM:
maynereport.com/articles/202…