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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Yes. They have missed the boat again. TBH@Ed1value it would be...
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $68.16M |
Open | High | Low | Value | Volume |
51.0¢ | 51.0¢ | 50.0¢ | $192.6K | 379.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 34412 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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50.5¢ | 31972 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 34412 | 0.500 |
4 | 12383 | 0.495 |
3 | 29133 | 0.490 |
2 | 4124 | 0.485 |
3 | 15416 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 31972 | 2 |
0.510 | 64180 | 2 |
0.515 | 9728 | 1 |
0.540 | 37416 | 1 |
0.550 | 26413 | 3 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
50.5¢ |
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Change
0.000 ( 0.00 %) |
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Open | High | Low | Volume | ||
50.5¢ | 50.5¢ | 50.5¢ | 23891 | ||
Last updated 15.21pm 07/06/2024 ? |
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