The issue with buybacks is the Company is speculating , I'm sure some would have thought they should have been be doing a buyback when we were $1.20 or thereabouts...buybacks usually happen when they cant think of anything else to do with excess cash.
Personally I would rather see excess cash being used for growth hence avoiding or reducing debt for future expansion and eventually producing steady dividends. We are first and foremost a growth stock.
Been a great week for CXO , all the building blocks are now in for a great future with a very heaithy margin over costs to help manage any further weakness in the price of spod and capitalise on any future rises, all done with no debt...the shareprice will take care of itself over time..
Have a relaxing Easter everyone.
Cheers Whisky
Banter and general comments, page-25111
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $942.0K | 8.871M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 3628793 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 2326506 | 24 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |