From the perspective of RSK - he can choose between
- propping up the SP while reducing shares on issue, to increase the EPS in case of a good result
- or having a safer buffer of cash to lock in the result. Route 2 is safer, since nothing seems guaranteed - result / enforcement / timing.
If a result takes another 3-6 months, and if enforcement took 1-2 years of appeals/delays, then I'm sure spending $2m on buy-backs would have people complaining about burning the dwindling cash, especially if they take on debt or do a raising (with instos, probably).
Only if there was a quick result and quick enforcement would a buy-back be seen as a smart move.
From the perspective of RSK - he can choose between- propping up...
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Last
$1.38 |
Change
-0.080(5.48%) |
Mkt cap ! $355.6M | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.46 | $1.38 | $790.9K | 564.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24999 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 2446 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |