HOT - share buy-back already....
From the ann:
"The Board of HotCopper considers the Buy-Back to be a prudent use of cash given the current and forecast strong cash flow generation of the business and the current prevailing share price. As stated in the Company’s Prospectus, the proposed use of funds raised pursuant to the IPO included an estimated working capital reserve of $ 683,000 and the Company intends to reinvest surplus profits in the business in FY2017 in order to maximise growth rather than pay dividends."
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: 17 Oct
Short Term Trading Week Starting: 17 Oct, page-256
-
- There are more pages in this discussion • 524 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online