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.
The company should consider a share buy back. The reasons are...
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Last
$10.30 |
Change
0.030(0.29%) |
Mkt cap ! $531.2M | |||
| Open | High | Low | Value | Volume |
| $10.27 | $10.34 | $10.21 | $148.5K | 14.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $10.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.33 | 400 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| PAC (ASX) Chart |