ADA 1.01% 50.0¢ adacel technologies limited

On my numbers, diverting additional funds from dividends to...

  1. 1,228 Posts.
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    On my numbers, diverting additional funds from dividends to buybacks will be far better for shareholders if you're here for the mid-long term (I am). Increased dividends often seem to have a short term effect of responsively increasing the share price & that's fine if you have a short horizon. Keep in mind that dividends here will be unfranked so that's another reason I'm especially happy for an enhanced buy-back program.

    On the historical $2.50 price, that coincided with the possibility of winning a transformational contract (that they didn't bag unfortunately). I think fair value as the business is currently trading is around $1.40-$1.55; so still scope for good gains with comparatively little visible downside now that such a large part of the business has evolved from design/build/installation.


 
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