Only so long the market will be able to ignore this one. 10% share buyback is huge. At an average price of 15c that would be approx $6.5 million the company is spending. Second consecutive full year dividend is expected too (and could be even more than last year's 1c per share which is already a great yield at the current share price).
Yes it is a Chinese company listed on the ASX which should warrant concerns but they're spending considerable amounts of money to generate shareholder value. Time will tell but the signs are very promising![]()
Only so long the market will be able to ignore this one. 10%...
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