re: share buy back - bad idea? This company is starting to generate real cashflow, as can be seen from thier recent half yearly report. The option exercise will deliver another $9M by end May, giving >$16M in cash. Rather than distribute to shareholders an unfranked dividend, management have opted to do a buy-back, that is, reduce the number of shares on issue, which increased the EPS figure (less shares divded by the profit).
Rather than piss the money up against the wall on an acquisition, management sees significant growth in all thier core markets. While the price may be down today - this is a huge benefit for all those long term holders (like myself).
- Forums
- ASX - By Stock
- SEN
- sen in preop
sen in preop, page-22
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SEN (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.5¢ |
Change
-0.001(3.85%) |
Mkt cap ! $39.28M |
Open | High | Low | Value | Volume |
2.6¢ | 2.6¢ | 2.5¢ | $2.36K | 90.76K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1424999 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 1404348 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1424999 | 0.025 |
1 | 500000 | 0.024 |
2 | 620000 | 0.023 |
1 | 23436 | 0.022 |
3 | 125000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 1404348 | 3 |
0.028 | 1222714 | 4 |
0.029 | 167000 | 1 |
0.030 | 713814 | 4 |
0.031 | 100000 | 1 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
Featured News
SEN (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online