The most prudent and credible thing the board and management should do is propose a large scale buyback.
Although not my favored insurer, they are attractive given the level of invested funds this thing holds. Proposing a buyback, would:
1. Reduce the extraordinary large shareholder base (a good thing in my opinion)
2. Be buying at a relative attractive rate to book.
buyback needed
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Last
$7.44 |
Change
0.010(0.13%) |
Mkt cap ! $17.63B | |||
| Open | High | Low | Value | Volume |
| $7.45 | $7.49 | $7.40 | $37.80M | 5.081M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17337 | $7.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.45 | 61863 | 3 |
View Market Depth
| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| IAG (ASX) Chart |