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$22.00 cimic group limited

Ann: Daily share buy-back notice - Appendix 3E, page-3

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g12m0

3,990 Posts.

373

06/09/19

20:28

Post #: 40345223
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Originally posted by LeonLevy ↑

Now we are seriously cooking !! Buying back 10% of stock on little to no float. This is the most accretive buyback on the ASX. The math here is very simple. Two key quotes from the Worlds greatest investors:

“The companies in which we have our largest in!vestments have all engaged in significant stock repurchases at times when wide discrepancies exist between price and value. As shareholders, we find this encouraging and rewarding.” Warren Buffett

"Pay close attention to the cannibals – the businesses that are eating themselves by buying back their stock." Charlie Munger

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Here is the scenario for CIMIC:

Share buyback 10%
More contract wins
Another 10% Share buyback the following year or full takeover offer!

CIM Price at posting: $30.91 Sentiment: Buy Disclosure: Held
2 Upvote

1 Great analysis

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