Why liquidate a healthy, growing, and undervalued business?
Mgmt is exceptionally strong and aligned. Good for us that they are focusing on the business rather than financial gimmickry.
Given the growth and undervaluation, it's just a matter of time until the stock will re-rate. Eventually, Shine will become too cheap for institutional capital to ignore.
But yeah - allocating some cash to buybacks would make a lot of sense, as it would leverage future earnings per share (and dividends per share). Who cares about a reduced float - the stock is illiquid anyways. Better to accelerate growth of earnings power per share.
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Last
69.5¢ |
Change
-0.005(0.71%) |
Mkt cap ! $120.4M |
Open | High | Low | Value | Volume |
70.0¢ | 70.0¢ | 69.5¢ | $47.82K | 68.61K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 69.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
70.0¢ | 31320 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.690 |
1 | 825 | 0.680 |
1 | 865 | 0.580 |
1 | 5000 | 0.560 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.700 | 31320 | 2 |
0.730 | 25000 | 1 |
0.750 | 16300 | 2 |
0.755 | 83623 | 2 |
0.760 | 1588 | 1 |
Last trade - 15.27pm 26/07/2024 (20 minute delay) ? |
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SHJ (ASX) Chart |