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.
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Fully agree. At these prices regis is closer to distressed and...
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Last
$1.98 |
Change
-0.043(2.10%) |
Mkt cap ! $1.478B |
Open | High | Low | Value | Volume |
$2.02 | $2.02 | $1.95 | $2.555M | 1.298M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 23310 | $1.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.98 | 16426 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 23240 | 1.980 |
16 | 88863 | 1.975 |
12 | 48314 | 1.970 |
15 | 96366 | 1.965 |
16 | 176528 | 1.960 |
Price($) | Vol. | No. |
---|---|---|
1.985 | 19373 | 12 |
1.990 | 112380 | 13 |
1.995 | 87801 | 13 |
2.000 | 91872 | 14 |
2.010 | 30910 | 9 |
Last trade - 12.26pm 07/10/2024 (20 minute delay) ? |
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