I would prefer buy backs than dividends but that is my personal...

  1. 158 Posts.
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    I would prefer buy backs than dividends but that is my personal situation. With profit at the higher end of guidance and no tax payable for the next 4-5 years due to accumulated losses, we should see a slow and steady rise. That is unless a takeover offer is received. It would be good to see if they could leverage off their distribution and sales network and enter into other non-ferrous metal supply (specialty metals) as this segment is lacking competition. I think there are a plenty of stainless suppliers but this could also be an option. I don't know how more efficient they can run this or if there can be any more industry consolidation. They could be a bit more ruthless in the buy back. With the price rise, it would provide incentive for people to sell.
 
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(20min delay)
Last
$11.18
Change
0.120(1.08%)
Mkt cap ! $185.4M
Open High Low Value Volume
$11.06 $11.18 $11.06 $80.53K 7.277K

Buyers (Bids)

No. Vol. Price($)
1 70 $11.00
 

Sellers (Offers)

Price($) Vol. No.
$11.18 1099 1
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Last trade - 16.10pm 31/07/2025 (20 minute delay) ?
CAA (ASX) Chart
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