Yep it's a tad disappointing not to get more of the buy-back done at these prices.
Seems a few funds are accumulating: Repertoire and Spheria - whilst Osmium are selling down.
The way I see it at the moment is that one is:
Buying at $1.00 p/share (as $5c div rolls through in month or so)
And for every 10 shares one buys, the company aims to buy 1 more for you.
Whilst disappointed not to get every last share in the buy-back, one has to be grateful for Board/Mgt that are prepared to keep returning cash to shareholders that is surplus to their requirements.
On balance, a positive outcome and good to see rational decisions based on underlying reality.
Yep it's a tad disappointing not to get more of the buy-back...
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95.0¢ |
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Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 8 | 19182 | 94.0¢ |
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|---|---|---|
| 95.0¢ | 8379 | 1 |
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