DNA 3.33% 3.1¢ donaco international limited

While I appreciate Joey buying, the board should have taken the...

  1. 1,375 Posts.
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    While I appreciate Joey buying, the board should have taken the leadership and shareholder representation at this time by initiating a share buyback. This is the best time for a buyback. The stock is grossly undervalued and DNA can afford this action. Really, Joey's action reflects the board's failing.

    Also, DNA stock is already too concentrated (Joey already owns about 1/3 of the stock), whereas a share buyback essentially distributes the net gain to all shareholders. Net gain comes from (a) shareholders reap gains in long run from undervalued share price vs nta and (b) future earnings of bought back shares are distributed to remaining shares.
 
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Last
3.1¢
Change
0.001(3.33%)
Mkt cap ! $38.29M
Open High Low Value Volume
3.1¢ 3.1¢ 3.1¢ $7 240

Buyers (Bids)

No. Vol. Price($)
3 200000 2.9¢
 

Sellers (Offers)

Price($) Vol. No.
3.1¢ 127232 2
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Last trade - 10.31am 31/07/2024 (20 minute delay) ?
DNA (ASX) Chart
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