STL 0.00% $1.90 stargroup limited

@Kepo Apologies but have been off air last few days on flights....

  1. 156 Posts.
    @Kepo Apologies but have been off air last few days on flights.

    As a major shareholder, the Indue acquisition and any other acquisition(s), in the short term will be debt funded. We have been quite public about that.

    I believe our share price is far too cheap for a CR and the next time we "tap" our shareholders the price will be significantly higher than what it currently is and the stock is expected to re-rate on the back of further positive news flow and performance results being announced to the market.

    On an IO facility at say 8%, the business has a free cash flow benefit of >$1mil post the Indue acquisition and it is in fact intended to reinvest some of that in the business and also look to follow through with our comments on the paying of a dividend in June 2017.
 
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