Page 78 - Stakis Consolidated Teaching Note

STAKIS BOARD 1994

Sir Lewis Robertson

Chairman

Richard Cole-Hamilton David Michels Sir Reo Stakis
President
Deputy Chairman
Chief Executive

Alex Pagett
Jim McCarvill
Sir Charles Fraser
Managing Director Casinos Non Executive Director Director of Corporate Affairs

Stephen Elliott Mike Glancy John Miller Neil Chisman
Director Hotels Operations Director of Marketing Group Secretary Group Finance Director

Figure 10

A more simplistic way of viewing the rise in share price is

to examine the constituent elements which make up the

market value of a share (See Figure 11)

SHARE CONSTITUENTS

ANDROS

STAKIS
Perceived DAVID
MICHELS
management
contribution MARKET VALUE M V I V M V

Intrinsic I V
Value

Market Assessment Of The Contribution Management Makes To Share Price
Figure 11