I guess we will see if these LT investors still see value in the company off the back of these results ?
Without clear capital management guidelines besides the old rhetoric of 'saving funds for M & A activities' that have gone nowhere in the last couple of years people may move on from A2M ? Who knows .... but surely they should have announced a share buyback of $150 million given the almost $1 billion now held in cash - circa $800 million plus after said buyback would surely be enough for any M & A activities now after the recent Synlait settlement and proposed CR participation ? It doesn't look like they are making any SM1 moves besides the CR participation now so it 'appears' they have more than enough spare cash to undertake a BB ?
GLTAH
A2M Price at posting:
$7.01 Sentiment: Buy Disclosure: Held
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