On the bright side, getting to zero debt by the end of the year must mean ANG is going to generate significant free cash flow, given there's $34m of debt to be repaid.
I think at this point a buyback is likely better than dividend repayments. There is such little liquidity in this stock, and such a great set of large institutional shareholders, that a buyback could provide really good share price support and actually generate better returns for shareholders than a divvy.
The growth is also pretty exciting, particularly in the US with the grant to rebuild the facility and proximity to key OEMs, so I'm happy to see the cash reinvested in the business rather than distributed to shareholders
Ann: CEO and Managing Director's 2023 AGM Address to Shareholders, page-3
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Last
57.0¢ |
Change
0.015(2.70%) |
Mkt cap ! $334.3M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 58.3¢ | 54.5¢ | $4.799M | 8.577M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 62320 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 42320 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
57.0¢ |
Change
0.015 ( 2.78 %) |
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| Open | High | Low | Volume | ||
| 55.0¢ | 58.0¢ | 54.5¢ | 494019 | ||
| Last updated 15.55pm 14/06/2024 ? | |||||
| ANG (ASX) Chart |