You said you've been pushing for a share buy back for quite some time. You tell me how a share buy back at $8, or whatever the share price was when you were pushing for it, would help shareholder value? The idea of a buy back is to buy back stock when it's trading below fundamental value. It's still trading above intrinsic/fundamental value. Even a tech company like Facebook is trading on a similar multiple to A2M. Which is a better investment? One with consistent growth or one which has declining revenue and no turnaround strategy? I think the company knows it has been trading above fundamentals, hence why they haven't given much thought to a buy back to date.
$5 Funeral, page-106
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Last
$6.88 |
Change
0.000(0.00%) |
Mkt cap ! $4.973B | |||
| Open | High | Low | Value | Volume |
| $6.90 | $6.90 | $6.80 | $7.266M | 1.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12501 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.88 | 33092 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |