The company should consider a share buy back. The reasons are very compelling. The multiple at which the shares are trading, the low returns on cash, the level of EPS accretion and a demonstration on confidence and support in the share price. Buying into a portfolio of managers you know well is better than investing in a new business in these panicked markets. The return would be higher that buying into an established manager where there is risk of goodwill write offs.
Ann: 1H FY2020 Results and Investor Presentation, page-3
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Last
$10.40 |
Change
0.040(0.39%) |
Mkt cap ! $536.3M | |||
| Open | High | Low | Value | Volume |
| $10.29 | $10.60 | $10.29 | $328.3K | 31.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3141 | $10.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.40 | 986 | 1 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| PAC (ASX) Chart |