The most prudent and credible thing the board and management should do is propose a large scale buyback.
Although not my favored insurer, they are attractive given the level of invested funds this thing holds. Proposing a buyback, would:
1. Reduce the extraordinary large shareholder base (a good thing in my opinion)
2. Be buying at a relative attractive rate to book.
buyback needed
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Last
$7.05 |
Change
-0.070(0.98%) |
Mkt cap ! $16.71B | |||
| Open | High | Low | Value | Volume |
| $7.02 | $7.07 | $7.00 | $25.92M | 3.723M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 167448 | $7.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.06 | 16864 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| IAG (ASX) Chart |