Yes indeed.
And SLC using a big lump of their precious cash on SLC stock.
Yes, helpful to defend against short-sellers in this environment and makes us shareholders feel a little better.
However, oOne would think the best driver of medium term value is to maximise network utilisation.
That is the Company is being valued on EBITDA and not asset value. Buy-back doesn't help with that, just makes the Company smaller.
The network is depreciating , even if slowly, depreciating an under-utilised asset is like (subscribers) money down the sink.
I appreciate the SLC board/ executive are diligently working on addressing that and are keeping busy on the acquisitions front, with Exetel especially looking like a great buy.
Ann: Change in substantial holding, page-14
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Last
$1.39 |
Change
-0.035(2.46%) |
Mkt cap ! $698.9M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.44 | $1.38 | $128.8K | 92.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 8966 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 1908 | 9 |
View Market Depth
| Last trade - 11.41am 31/05/2024 (20 minute delay) ? |
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Last
$1.39 |
Change
-0.035 ( 2.20 %) |
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| Open | High | Low | Volume | ||
| $1.43 | $1.44 | $1.39 | 24670 | ||
| Last updated 12.00pm 31/05/2024 ? | |||||
| SLC (ASX) Chart |