DNA 3.33% 3.1¢ donaco international limited

A valued and significant gesture. Imagine the sp if he didn't...

  1. 1,375 Posts.
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    A valued and significant gesture. Imagine the sp if he didn't vacuum up those 1 million shares!

    But DNA's board could do even better by announcing a share buyback. If the cheapest casino to buy is your own, then buy its shares. Simple. Also, I presume that some shares assigned to Star's vendors are out of escrow, so a buyback would absorb some of that flood.

    A 5% buyback would cost approx $17 million at current sp (831M x .05 x $.41). It is about equivalent to 2 cents per share, 22% of last year's net profit.
 
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