My 'beef' with the buyback is DP's communication of it as per his stated intentions. He's on record a number of times stating the the company trades at a fraction of what they consider it's underlying value & to that effect says on a number of occasions that they would exhaust the 10% cap & then get approval to do it again. What we have had is not reflective of that...that's misleading. Many days the buyback numbers are token only. If there are capital calls on near term development that would have a greater total shareholder return I have no problem diminishing the buyback (or indeed canning it if need be) in favour of reserving capital to that end. If that's the case, state it clearly as it's not market sensitive and act on it as per the information disseminated to shareholders & the market. What I dislike is leading shareholders with intent to do something & then doing it half baked, that's confusing & diminished trust in management. Also, the return on capital with a JV on development would have to be some gorilla to trump a share price trading at some 25-30% of it's implied value remembering there is zero risk to returns in a buyback buying heavily discounted equity compared to development/production operational risk in any field development program.
- Forums
- ASX - By Stock
- BRK
- Banter and General Comments .. BRK
Banter and General Comments .. BRK, page-9698
-
-
- There are more pages in this discussion • 2,179 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRK (ASX) to my watchlist
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.50M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $691.0K | 62.98M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
64 | 34244392 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 19538274 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
64 | 34244392 | 0.010 |
16 | 10124757 | 0.009 |
6 | 847432 | 0.008 |
3 | 930000 | 0.007 |
3 | 1500000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 19538274 | 10 |
0.012 | 14632249 | 24 |
0.013 | 22881730 | 18 |
0.014 | 19178997 | 16 |
0.015 | 5299920 | 10 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
BRK (ASX) Chart |