Q1. How much time is the CEO spending in his new role as a non-executive director of struggling Auckland-based building products company Fletcher Building? Could the chair explain the nature of the agreement in terms of the CEO's time allocation and commitment to both roles?
Q2. Australia is currently in the midst of an unprecedented deluge of takeovers that has contributed to listed entities on the ASX dropping in 26 of the past 27 months for a net reduction of 211 or 9.2% to 2,083 on April 30, 2025. There were a record 29 major takeovers above $200m completed in calendar 2024. There is a clear mis-pricing between public markets and private markets. Why are public markets not valuing ASX listed companies like ours more highly and what are we doing to avoid being gobbled up?
Q3. The 5 most valuable US big tech stocks - Microsoft, Apple, Amazon, Alphabet and Nvidia - are together worth more than $15 trillion, largely because they have enormous pricing power and are over-charging customers the world over. Could the CEO comment on which of the big global technology companies we are most reliant on and what would we do if they suddenly put their prices up by 30%?
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