My understanding is that the main reason CMI wants to go down this route is to try to utilise its tax losses which are capital in nature. I agree with joewolf that this creates too much risk and is not what most of us signed up to !
If you believe that the company is undervalued at the current price, don't sell into the buyback.
Ann: Change of Business, Prospectus, EGM Notice, Share Buy-Back, page-26
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Last
$3.10 |
Change
0.000(0.00%) |
Mkt cap ! $89.88M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5949 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.47 | 2402 | 1 |
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