A higher share price and happier shareholders would in fact increase their financing options.
You might not have noticed but the shareprice is up over 100% in the last 12 months and there are plenty of happy shareholders, some are a bit grumpy because of a smaller than expected dividend and others because they bought in the 80's but they dont represent all shareholders.
Apart from the fact that a buyback won't happen because of a large individual holding , why would you spend required cash on a buyback on a overall rising shareprice, its usually done to support a falling one...the volatility of IO and markets in general make any percieved benefits to shareholders of a buy back an exercise in throwing darts..
There is enough upgrading and expansion work to take care of any cash we have and plenty more after allowing for a cash buffer.
Cheers Whisky
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1 | 52631 | 0.375 |
6 | 339712 | 0.370 |
24 | 106040 | 0.365 |
2 | 23854 | 0.360 |
1 | 20000 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
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0.385 | 153509 | 7 |
0.390 | 193002 | 5 |
0.395 | 34560 | 6 |
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