Buybacks would be the best and most tax-friendly capital allocation imo. However, I don't like the talk about using a higher share price as a currency. What's the point in driving up the price just to dilute yourself shortly thereafter?
Invest in JMS via buybacks while JMS is undervalued.
If and when market price is higher: use cash generated to consolidate stake in Tshipi, acquire other mines if available at favorable terms, pay dividends, or accumulate cash for later.
Ann: Tshipi Declares ZAR500m Final FY2022 Dividend, page-22
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Last
32.3¢ |
Change
0.013(4.03%) |
Mkt cap ! $631.9M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 33.0¢ | 30.5¢ | $1.915M | 6.039M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 78922 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 402159 | 35 |
View Market Depth
| Last trade - 13.43pm 24/05/2024 (20 minute delay) ? |
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Last
32.0¢ |
Change
0.013 ( 1.56 %) |
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| Open | High | Low | Volume | ||
| 30.5¢ | 33.0¢ | 30.5¢ | 2087362 | ||
| Last updated 13.54pm 24/05/2024 ? | |||||
| JMS (ASX) Chart |