Yes. They have missed the boat again. TBH@Ed1value it would be hard to find a small cap manager who has performed worse than NAOS, and that's despite a share buy-back being active for the last 5 years, over which time the SP has gone absolutely nowhere. It's about the same now, as it was in April 2019. I can only imagine where the SP and NTA would be now if they hadn't bought back 20% of the shares on issue. And by-the way > Dividend payments have remained essentially flat over this same period. So no upside there either.
Quote from todays announcement.
"The share buyback remains active, with a further 595,000 shares bought back over the three months to 31 March 2024. Since the commencement of the buyback in April 2019, over 34.2 million shares, or 20% of shares on issue, have been bought back on-market, which has been significantly accretive for shareholders"
I find the last sentence an incredible stretch as commentary about performance / shareholder return.
What would have been accretive is better portfolio management that produced a higher NTA after 5 years and an increasing stream of fully franked dividends over 5 years. Shareholders can only hope that WAR takes this over.
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- Ann: NTA & Portfolio Update - March 2024
Ann: NTA & Portfolio Update - March 2024, page-5
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Last
53.5¢ |
Change
-0.005(0.93%) |
Mkt cap ! $72.21M |
Open | High | Low | Value | Volume |
53.5¢ | 54.5¢ | 53.0¢ | $125.1K | 233.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 49873 | 53.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 78777 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 49873 | 0.530 |
3 | 38909 | 0.525 |
4 | 72390 | 0.520 |
2 | 40049 | 0.515 |
1 | 25000 | 0.510 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 78777 | 3 |
0.545 | 89328 | 2 |
0.550 | 55885 | 2 |
0.560 | 336505 | 4 |
0.570 | 6000 | 1 |
Last trade - 15.42pm 17/05/2024 (20 minute delay) ? |
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Last
53.5¢ |
  |
Change
-0.005 ( 0.00 %) |
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Open | High | Low | Volume | ||
53.5¢ | 54.5¢ | 53.5¢ | 52949 | ||
Last updated 15.42pm 17/05/2024 ? |
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NSC (ASX) Chart |