Fully agree. At these prices regis is closer to distressed and its scrip extremely cheap, and why i firmly believe the primary corporate focus of the board should be on strengthening the stock price to stave off hostile takeover, as well as providing other options for M&A down the line.
Even a token buyback of lower value would be a strong signal to the market. I bought into NST the day it announced a buy back at a price 7.30. There were othrr factors of course and had been watching for a bit but the buy back near forced my hand.
You mention WGX... compare its market cap to RRL and then look at production profiles. RRL is damn cheap (for a reason given past management calls), and the priority of board should be restoring confidence to help restore confidence and improve the share price. A buy back turbo charges and buttresses this. my perfect quarter is 100m cash generation, and 15-30m going towards a buy back over the next year. Pay down debt and strengthen balance sheet with rest. at 100M, plenty left over for capital requirements.
Fully agree. At these prices regis is closer to distressed and...
Add RRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.54 |
Change
0.060(2.42%) |
Mkt cap ! $1.918B | |||
| Open | High | Low | Value | Volume |
| $2.56 | $2.59 | $2.54 | $11.38M | 4.463M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 40092 | $2.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.55 | 26938 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RRL (ASX) Chart |