A higher share price and happier shareholders would in fact increase their financing options.
You might not have noticed but the shareprice is up over 100% in the last 12 months and there are plenty of happy shareholders, some are a bit grumpy because of a smaller than expected dividend and others because they bought in the 80's but they dont represent all shareholders.
Apart from the fact that a buyback won't happen because of a large individual holding , why would you spend required cash on a buyback on a overall rising shareprice, its usually done to support a falling one...the volatility of IO and markets in general make any percieved benefits to shareholders of a buy back an exercise in throwing darts..
There is enough upgrading and expansion work to take care of any cash we have and plenty more after allowing for a cash buffer.
Cheers Whisky
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Last
38.5¢ |
Change
-0.010(2.53%) |
Mkt cap ! $445.5M |
Open | High | Low | Value | Volume |
39.5¢ | 39.8¢ | 38.3¢ | $548.2K | 1.405M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 1008 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 119965 | 0.380 |
5 | 101411 | 0.375 |
4 | 38616 | 0.370 |
4 | 357061 | 0.365 |
5 | 35481 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.395 | 18361 | 2 |
0.400 | 150933 | 12 |
0.405 | 191463 | 8 |
0.410 | 124676 | 7 |
0.415 | 293130 | 7 |
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