I suppose you're right Blocky. My only problem with that we won't know what the final price is going to be how much will be distributed ie how much leftover and if every one has that idea then the SP may jump too quickly for buyers to get in at a good price.
I still believe it was poor use of the cash and moreover poorly distributed. Dilution would have occurred and the SP would have been oh probably where it is now.
I don't trust anyone in this market to do the right thing by it's shareholders including LST. The IE said that the buy-back was in the SH best interest and that remaining shares should get a boost we will see from the contraction in shares on issue.
Cheers
BW
- Forums
- ASX - By Stock
- buy back
I suppose you're right Blocky. My only problem with that we...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)