If they thought the SP was undervalued by 50%, and reducing cash through a buy-back wouldn't increase their chances of bankruptcy or failing to be able to finance the legal process, then it could be considered an investment to do a buy-back.
Example: Spend $10m now to buy-back some shares at a 50% discount. Win TAFTA. End up being able to return $30m more cash to remaining share holders (because of less shareholders to share the payout). So $10m got turned into $30m for remaining shareholders, but the ones who participated in the buy-back would have missed out on that $30m.
But it has to be a realistic valuation (risk adjusted), and not put much pressure on the company.
- Forums
- ASX - By Stock
- Ann: Notice of 2019 Annual General Meeting and Annual Report
If they thought the SP was undervalued by 50%, and reducing cash...
-
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Is oil undervalued?
Add KCN (ASX) to my watchlist
|
|||||
Last
$1.36 |
Change
0.000(0.00%) |
Mkt cap ! $349.2M |
Open | High | Low | Value | Volume |
$1.34 | $1.37 | $1.30 | $905.2K | 670.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 11092 | $1.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.36 | 2192 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 11092 | 1.340 |
1 | 2592 | 1.335 |
1 | 2592 | 1.330 |
1 | 1354 | 1.325 |
1 | 10600 | 1.305 |
Price($) | Vol. | No. |
---|---|---|
1.355 | 2192 | 1 |
1.360 | 4400 | 1 |
1.365 | 3888 | 1 |
1.370 | 3888 | 1 |
1.390 | 37500 | 2 |
Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
Featured News
KCN (ASX) Chart |