Lennon up, Stokes down

A new feature on the Business News web site that tracks the changing wealth of Western Australia’s company directors shows Tony Lennon and Peter Cook are among the winners over the past month while Kerry Stokes and Andrew Forrest have gone down.

The valuations, for nearly 1,300 WA company directors, are updated daily and reported at https://www.businessnews.com.au/directors-shareholdings.

Peet chairman Tony Lennon has seen the value of his shares in the land developer jump by $14.1 million over the past four weeks to $144.5 million.

Other winners include mining duo Peter Cook and Peter Newton, who are both directors of Metals X and its spin-off Westgold Resources.

The value of Mr Cook’s shares have jumped by $19.1 million over the past four weeks to $50.9 million while Mr Newton’s shares are up $14.1 million.

Seven West Media chairman Kerry Stokes has seen a dip in the value of his shares over the past four weeks, down $24.7 million to $374 million.

Fortescue Metals Group chairman Andrew Forrest is another director who has seen the value of his shareholding decline over the past month.

His stake in FMG has dipped by $238 million – while that is big in dollar terms, it’s a small dip in percentage terms, as his total stake is still worth $4.89 billion.