I don’t read too much into taking the cash - better off taking it if it’s on offer IMO. They had $6m cash start of the quarter, even if FCF positive this quarter you’re still not leaving a lot of room. Will shall see - the September month was records all over the shop which was a good lead in. The key is avoiding having to raise equity down at these levels and getting a fair price for Nifty, this buys them time to accomplish both.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)