19.2 cents rounded to nearest cent is only 19cents . same as takeover offer. If they were real they would be making buyback at higher than the takeover offer, considering they say real NTA is 28 cents they are ripping shareholders offer by making they buyback so low! The dividends announcement is nothing ! Has no meaning. They could have said as soon as the company reports profits they will pay. Looks like they are only trying to save their jobs. As for new investments . How long would it take for the share price to reach NTA. By far the best way to achieve shareholder value is liquidating assets when appropriate and returning funds to shareholders. Much Like others such as MXQ.
Oceania see that and want to do that themselves. If they increase offer to low 20s they should get KBC. We will miss out on the rest and that's KBC's managements fault
they should return the cash and offer new shares if they are so confident in there investment strategy!
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