Yeah buy back or special dividend was my first thought but on reflection this is becoming a really great time to have a significant cash position with global Sas multiples getting hammered by the rising interest rates.
The risk to unprofitable growth company’s is a lack of funding and with rates rising lots of investment houses will move to less risker or safe assets.
I can see this as a positive and great to have lots of cash for the right deals to come along at far better multiples..
so long as they don’t earn the 1.5% on the cash balance as well. Does anyone know cash is include total FUM fees?
Yeah buy back or special dividend was my first thought but on...
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Last
$1.23 |
Change
0.018(1.45%) |
Mkt cap ! $179.5M | |||
| Open | High | Low | Value | Volume |
| $1.22 | $1.23 | $1.21 | $439.4K | 362.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31311 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 20157 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.23 |
Change
0.018 ( 1.24 %) |
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| Open | High | Low | Volume | ||
| $1.22 | $1.24 | $1.21 | 6019 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| BTI (ASX) Chart |