at current share price of 37.5c IMO the company should buy back 100M share instead. That will cost around 37.5 M
Then with just 146405610 shares registered and $120.5 M cash in bank. Each share will have a cash backing of 82.3 c
With less number of shares available on market + attractive development plan of existing positive income producing assets + good future opportunities open up (if you have cash in hand there are alway opportunities). Well a $1 share price target is not too far to reach
AZZ Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
