As an interested observer I note that they have spent nearly 20% of buyback funds in buying back 700k shares out of a target of 3Mn shares. All this within a fortnight while buyback was approved for a year. So if the mgmt continues buyback at this rate either they will run out of buyback allocated cash in the 1Q of 2025 and wonder if this creates any dent in the downward force on the SP. So if the mgmt continues buyback they may need to approve additional funds to resume buying to support the SP.
No advice. Loving the way company is SH focussed. No negative sentiment. DYOR.
NEU Price at posting:
$13.30 Sentiment: Buy Disclosure: Not Held
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