They paid half the cash-backed value of the company to buy back...

  1. 1,096 Posts.
    lightbulb Created with Sketch. 1128
    They paid half the cash-backed value of the company to buy back the shares, pretty wild. This was an awesome arbitrage play, but they really need to wind up the rest of the business rather than flying to Saudi Arabia. Hopefully the voting at the AGM reflects this and people at least vote against the renumeration report.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.