Why liquidate a healthy, growing, and undervalued business?
Mgmt is exceptionally strong and aligned. Good for us that they are focusing on the business rather than financial gimmickry.
Given the growth and undervaluation, it's just a matter of time until the stock will re-rate. Eventually, Shine will become too cheap for institutional capital to ignore.
But yeah - allocating some cash to buybacks would make a lot of sense, as it would leverage future earnings per share (and dividends per share). Who cares about a reduced float - the stock is illiquid anyways. Better to accelerate growth of earnings power per share.
Resignations, page-26
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Last
69.5¢ |
Change
-0.060(7.95%) |
Mkt cap ! $120.4M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 75.0¢ | 69.5¢ | $52.65K | 75.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.5¢ | 3979 | 1 |
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| Last trade - 12.56pm 27/06/2024 (20 minute delay) ? |
| SHJ (ASX) Chart |