I'm not privvy to how they intend to allocate cash but they spent $6.9M last half buying shares and $.1M this half to date. Given the not unsubstantial dividend commitments and demonstrated intent to lower net debt, I dont think it's drawing a long bow to suggest that they may be re-allocating buy-back cash to what appears a very cheap acquisition.
I'm happy if they put the surplus capital to where they get the best bank for the buck. More complimentary acquisitions with these metrics please.
I'm not privvy to how they intend to allocate cash but they...
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Last
$1.88 |
Change
-0.035(1.83%) |
Mkt cap ! $289.4M | |||
| Open | High | Low | Value | Volume |
| $1.92 | $1.92 | $1.88 | $338.5K | 178.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2650 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 2 | 1 |
View Market Depth
| Last trade - 16.10pm 12/06/2024 (20 minute delay) ? |
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Last
$1.89 |
Change
-0.035 ( 1.05 %) |
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| Open | High | Low | Volume | ||
| $1.90 | $1.91 | $1.88 | 17614 | ||
| Last updated 15.59pm 12/06/2024 ? | |||||
| IGL (ASX) Chart |