"they take shares off the table"....by OVERPAYING for them (cash out). Bye bye ca$h.....wasted!
another ~4m to buy @ $9-10 = ~$36-40m wasted + $64m final dividend, means $100m walking out the door. Add the Vinva acquisition cost......no more cash $$$$ bye bye....
they couldve bought all of Vinva instead of a pathetic 29.5%
stupid is as stupid does.
zero appeal here. Cash war-chest is gone.
mkts cra$hing will further exasperate the slide....$8 incoming
MFG Price at posting:
$9.13 Sentiment: None Disclosure: Not Held
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Bye bye ca$h.....wasted!
(20min delay)