Ann: Swick announces on-market share buy-back, page-16

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sciomako

20 Posts.

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04/12/15

12:15

Post #: 16546293
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Originally posted by Motoracebeerguy ↑

Buy back does not commence until 14 December.

I could only think there are others with my view. Buy them now, feed them into the buyback for a quick 5/10 percent return then move on. Potentially a reasonably safe trade particularly at under 10 cents.
The buyback doesnt commence until 14 December

Also worth noting they can only buyback at a 5% premium to the weighted average for five prior trading days. In order to get to 10.5 it is going to have to sit at 10 for 5 days for any buy back purchases. Thats not to say others wont invest or look to trade but it is not as simple as just keep hoovering up shares as they come to market. Remembering these things are reasonably tightly held as it is.

I got some 9.7's and some 9.5's. I am thinking I will hold until the next update although as I said if she hits 10.5 quickly it would be tempting to cash in the trading parcel and retain the investment portion previously held.

I agree with a number of punters on here that a rise into the twenties or early thirties is not out of the question if they can confirm a few quarters of profitable trading. There is potential for a lot of upside and a buyback to limit the downside.

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You sure you read it right? Annoucement:

"In accordance with the ASX Listing Rules, the prices paid for shares purchased under the buy-back will be no more than 5% above the volume weighted average price of Swick shares over the five prior trading days on which sales in shares are recorded."

By the way, is it ASX rule that they have to wait until 14/12 to start the buyback?

Last edited by sciomako: 04/12/15

SWK Price at posting: 9.8¢ Sentiment: Buy Disclosure: Held
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