ICI 0.00% 1.7¢ icandy interactive limited

Ann: On Market Share Buy-Back, page-126

  1. 1,913 Posts.
    lightbulb Created with Sketch. 1199
    yeah, exact quote:

    "The Board considers that the Company’s current share price does not accurately reflect the underlying value of the Company’s assets and growth prospects, amidst a global gaming market that has experienced enormous expansion during recent times, and the Share Buy-Back represents an opportunity to add value to the remaining shares on issue. ... The Company proposes to instruct its broker, Taylor Collison, to take a position in the market only where the position maximises the benefits of the Share Buy-Back to the Company."

    interesting weeks ahead leading into the 4C; & if a positive announcement drops in the interim (like CS hitting $1M) i think SP will be +10 cents again.

    also i think management sees fair value of +14 cents, because $0.14 is the 9 December 2020 CR price that raised the $10M~, which is the cash being used in this buyback. (the CR included attaching options with $0.22 strike price; so +22 cents i think will be the next target)
    Last edited by FingerLicking: 30/09/21
 
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