Hi Pipes- Yes they do earn a fee on total funds under management.
Any buyback made will be funds that management no longer earn fees on.
If they buy shares back at 30% discount to nta that is money spent on something that is worth 30% more straight away.
A smart way to spend some of our excess cash- along with issuing dividends with their franking credits attached.
The company is in a great position. It will have nearly $100M cash, so plenty for buy backs, dividends and big investments.
No a bad time to be cashed up at a time when tech valuations have been falling, and finding it harder to raise funds.
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Last
$1.18 |
Change
0.080(7.27%) |
Mkt cap ! $173.8M | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.19 | $1.13 | $319.5K | 275.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 52065 | 2 |
View Market Depth
| Last trade - 15.58pm 26/06/2025 (20 minute delay) ? |
| BTI (ASX) Chart |