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.
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Last
$6.35 |
Change
-0.020(0.31%) |
Mkt cap ! $4.597B |
Open | High | Low | Value | Volume |
$6.33 | $6.52 | $6.19 | $19.90M | 3.146M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3455 | $6.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.36 | 29208 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3455 | 6.330 |
3 | 10918 | 6.320 |
1 | 9904 | 6.310 |
1 | 7 | 6.300 |
3 | 23584 | 6.290 |
Price($) | Vol. | No. |
---|---|---|
6.360 | 29208 | 3 |
6.370 | 14298 | 2 |
6.380 | 13413 | 1 |
6.390 | 22701 | 2 |
6.400 | 10673 | 2 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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A2M (ASX) Chart |