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Good Value and Momentum, page-2

  1. 920 Posts.
    lightbulb Created with Sketch. 78
    The share buyback program definitely catches my attention.
    Company obviously has excess cash and want to buy back shares before the environment improves to have enough strength to pay a div.

    https://hotcopper.com.au/data/attachments/4645/4645642-3ec4dc42c271c91c5b298626914cd19d.jpg

    https://hotcopper.com.au/data/attachments/4645/4645647-59110911437026983bdebda64e33120c.jpg
    https://hotcopper.com.au/data/attachments/4645/4645648-69c9354490c36a886302dd1e426a0e6a.jpg

    This program is not very aggressive as their daily buybacks are around 260000 to 1m shares. So it will take at least another 70days to finish.
    Meanwhile I do expect it will absorb any downside risks.
 
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