You said you've been pushing for a share buy back for quite some time. You tell me how a share buy back at $8, or whatever the share price was when you were pushing for it, would help shareholder value? The idea of a buy back is to buy back stock when it's trading below fundamental value. It's still trading above intrinsic/fundamental value. Even a tech company like Facebook is trading on a similar multiple to A2M. Which is a better investment? One with consistent growth or one which has declining revenue and no turnaround strategy? I think the company knows it has been trading above fundamentals, hence why they haven't given much thought to a buy back to date.
$5 Funeral, page-106
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Last
$7.17 |
Change
0.120(1.70%) |
Mkt cap ! $5.187B | |||
| Open | High | Low | Value | Volume |
| $7.02 | $7.24 | $7.02 | $14.05M | 1.965M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 4603 | $7.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.18 | 18479 | 23 |
View Market Depth
| Last trade - 15.50pm 30/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |