Hi Pipes- Yes they do earn a fee on total funds under management.
Any buyback made will be funds that management no longer earn fees on.
If they buy shares back at 30% discount to nta that is money spent on something that is worth 30% more straight away.
A smart way to spend some of our excess cash- along with issuing dividends with their franking credits attached.
The company is in a great position. It will have nearly $100M cash, so plenty for buy backs, dividends and big investments.
No a bad time to be cashed up at a time when tech valuations have been falling, and finding it harder to raise funds.
Hi Pipes- Yes they do earn a fee on total funds under...
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Last
$1.05 |
Change
-0.005(0.48%) |
Mkt cap ! $155.2M | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.06 | $1.05 | $127.7K | 121.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9778 | $1.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 495 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| BTI (ASX) Chart |