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Ann: BirdDog announces a proposed Selective Share Buy-back, page-19

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barnage

73 Posts.

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16/06/24

22:45

Post #: 74342011
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Originally posted by Orabanda: ↑

Gee - a lot of armchair experts here - who don't have any skin in the game.
This is a great move imo.
1. It would not be prudent to fork out $1,500,000 cash if the company is making a loss. You should only allow that cash to leave a company if you do not particularly need it for anything. And of course you should HAVE the cash. Looks to me like BDT has a nice cash buffer and is not in a loss-making position. How are sales and profits going at this point in time? We don't know because figures are not published.
2. Taking out the disaffected major shareholder eliminates a potential share overhang.
3. Decreasing the number of shares on issue will mean whatever profits eventuate will be shared to a smaller number of shares i.e. increase the EPS.
4. The take out price is fixed at a very cheap 5 cents. Well done!
Unlike other posters here, I do have skin in the game, and I do like what I see!

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Lets not forget BDT did a share buyback at 12-15c while accumulating losses. The current buyback at 5c makes that a farce as well.

How are these clowns still there?

BDT Price at posting: 7.2¢ Sentiment: None Disclosure: Not Held
1 Upvote

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(20min delay)
Last 7.0¢		Change 0.000(0.00%)		Mkt cap ! $11.30M

Open	High	Low	Value	Volume
7.0¢	7.0¢	7.0¢	$8.96K	127.9K

Buyers (Bids)

No.	Vol.	Price($)
2	201829	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.8¢	15000	1

View Market Depth

No.	Vol.	Price($)
2	201829	0.065
1	10000	0.063
2	35000	0.061
1	60000	0.060
1	161933	0.055

Price($)	Vol.	No.
0.075	133373	1
0.085	42701	2
0.110	70000	1
0.195	8000	1
0.000	0	0

Last trade - 10.37am 27/09/2024 (20 minute delay)

BDT (ASX) Chart

Ann: BirdDog announces a proposed Selective Share Buy-back, page-19

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Ann: BirdDog announces a proposed Selective Share Buy-back, page-19

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