SRX 0.00% 17.5¢ sierra rutile holdings limited

Buy Back, page-43

  1. 13,032 Posts.
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    Hi Whatshername,

    The purpose of the share buy back is to support the share price.
    Assuming all of the $30m is paid out at $12.00 per share, assuming foregone interest earnings at 2.5% and assuming the P/E for Sirtex is unchanged the sharebuyback would add about 2.9% or 0.35c to the share price.

    Any other change in the Sirtex SP would be the market's perception of profitability and future operational performance and growth.
 
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