AMU amadeus energy limited

re: Ann: Daily share buy-back notice - Append... So, the company...

  1. MJS
    2,293 Posts.
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    re: Ann: Daily share buy-back notice - Append... So, the company effectively continues to set the market price for their own securities.

    Share price continues to languish as noone with any substance has any belief in sound management / ability to generate shareholder returns.

    The share purchased to date have cost almost $5M and the only people to benefit, so far, as those who has sold at prices above what the general public are willing to pay.

    With the money spent so far, they could have paid a 0.5 cent per share dividend for almost 2 years! Surely more equal returns?

    Not one to guess whether this will stay where it is, rise, or fall further, however every time I look at this stock I see "more of the same".

    MJS
 
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Currently unlisted public company.

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