I think it's fairly clear that the board is trying to maintain optionality to use this cash to pre-pay the debt once the pre-payment penalty period concludes (May 2025 if I recall). Very confusing messaging from the board: intent is to return cash back to shareholders as quickly as possible yet buy-back progresses at a snail's pace while stock remains at a material discount to NAV. This is the only explanation.
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Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $255.6M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.0¢ | 36.5¢ | $522.8K | 1.431M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1742790 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 71990 | 4 |
View Market Depth
| Last trade - 13.52pm 16/06/2025 (20 minute delay) ? |
| URF (ASX) Chart |