You know what, I reckon that is the end game too, but its not a cash cow for SVW unless they receive cash from the business, and they don't without dividends. I do think, though, that the buyback, in raising Stokes' stake will make it a no-brainer to take out remaining shareholders at some stage. I remember him buying stock at the $2 level.
Ann: SWM announces on-market buy-back, page-15
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17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $261.6M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.0¢ | $204.5K | 1.174M |
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| No. | Vol. | Price($) |
|---|---|---|
| 8 | 248751 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 629773 | 17 |
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