Banter and General Comments .. BRK, page-9486

First 9486 Last

Share
Profile

Follow
justinmetals

7,982 Posts.

1556

29/06/23

20:09

Post #: 68541661
Share

Originally posted by staymour ↑

On the buy back I’ve seen a few points of view from the idea of let’s crack on, scoop up everything we can get up to the maximum permitted price and keep going down this road, to the concept of let’s not spend a fraction of a pip more than we have to and wouldn’t it be wonderful if we could drive the price down to half a cent and so buyback at least a billion shares.(no timeframes mentioned, but I assume within individual lifespans)
lots of sophistry and learned articles quoted to illustrate what Brookside really need from this buy back.
I understood they wanted to bring market valuation closer to a figure they believed was appropriate currently, but hey ho there you go, guess I was wrong on that one.

but being a bit more optimistic, on a pro rata basis of say 350m shares potential buy back by calendar year end, (say 50m per month) then so far they’re doing pretty good.
As I see it however, they are starting to stall a bit, and so risk falling into the ‘not mending the roof while the sun shines’ scenario.
After all most of us, within our lifetime, would hope to see not only a successful business but a successful share price.

so what happens to the share price if say we get a great operational update, land acquisition or asset acquisition, monetisation event or some global event that drives oil up to well over $100 a barrel.
A big jump in our share price hopefully, but goodbye to buying back shares at anything under 2c a pop?
sure we would all be happy but we might have missed a great opportunity to be even happier.
hopefully these musings are not too contentious

Expand

Exactly. Why would any knucklehead shareholder want to drive the price UP in a ———- buyback?

This stock is a dog and I reckon it’s a sell

Last edited by justinmetals: 29/06/23

BRK Price at posting: 1.3¢ Sentiment: Sell Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

What's causing the cost-of-living crisis, and how to navigate it

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%