MPO 0.00% 14.0¢ molopo energy limited

Maybe they should consider a share buy-back in order to increase...

  1. 231 Posts.
    Maybe they should consider a share buy-back in order to increase the value? I read somewhere that works.... yep, ~4 mill spent on that little venture.

    Molopo Energy Limited ("Molopo") is implementing an on-market share buyback for up to 10% of its issued capital over a period of 12 months. Based on Molopo’s closing share price on May 12th 2011 ($0.79), this would equate to approximately $20 million.
    As recently communicated during the launch of Molopo’s Focused Growth strategy, the Board is committed to active capital management, with a focus on ensuring optimisation of value for shareholders.
    The Board considers that Molopo’s current share price does not accurately reflect the strong underlying cash position and value within the company’s assets and the share buyback represents an opportunity to add value to the remaining shares on issue.
 
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Currently unlisted public company.

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