Briefs: ThinkSmart CEO spruiks shares, Suncorp back in development finance and NAB's CEO makes trans

  • Shares in ThinkSmart are trading at a "ridiculous value" of 20.5 cents each or a price multiple of around four times the firm's managing director, Ned Montarello, told The Australian. When the company listed on the ASX in mid 207 the shares were sold at $2.15. At the AGM last monith the company endorsed a plan to link the bonus of Montarello wholly to a revival in the company's share price. Up to one million shares that will vest after three years. The board is yet to issue the performance shares to Montarello.
  • Suncorp Bank is lending on high density property developments once more, the Courier Mail reported. The bank confirmed to the newspaper that it was lending on "sub-$15 million residential projects in high-demand corridors."
  • An our-CEO-is-a-regular-guy feature ran in the Sydney Morning Herald on Saturday, with NAB chief executive Cameron Clyne as the subject of the article. Factual crumbs in the article included a renewed commitment by the bank to provide the lowest variable-rate home loan in Australia until the end of the year; a disavowal of rumoured plans to seek Australian Labor Party pre-selection; and Cameron's practice of sometimes taking the bus or tram to work.