"by the way, the current share buy back amount only remove the number of shares the company issued to insto in June @60c each. So they just sell share at 60c and buy back at 37c-41c that is not bad " elgas
good for you
VERY BAD for next time you want to fleece some instos for cash. They have good memories about the companies that cost them money.
But in theory its a good move . In relaity woult the company then be able to generate enough profit to warrant its SP and administration costs. If not it would be worth nothing like 82c
I think the careful buy back swtrategy is far better, spend some to increase sp then spend some doing what they are meant to be able to do - GROW PROFITS AND SHAREHOLDER VALUE.
Acompany that has to sell assets to grow shareholder value is more like the NSW govt , ie doomed to failure.
AZZ Price at posting:
40.0¢ Sentiment: Sell Disclosure: Not Held
