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0.00% $1.08 nge capital limited

I am always skeptical of management. Not of NGE specifically- of...

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  1. friendlydwarves
    3,525 Posts.
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    22/03/24
    10:42
    Post #: 73009337
    I am always skeptical of management. Not of NGE specifically- of all companies.

    However. Buying back 47k shares at a 22% discount to NTA won’t move the needle much when there are 36m SOI. It’s good capital management, I agree with it, but on VERY rough numbers it will uplift NTA by just 0.028cps. David and Adam sure won’t get rich that way.
    Last edited by friendlydwarves: 22/03/24
    NGE Price at posting: 98.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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