In this case capital management should take the form of some type of 'return of capital'
I think the only options are a special dividend- and given that they should have some franking credits they may take this road. Or a share buy back which should boost sp.
Although i would much prefer a share buyback as they would be buying them low now and issuing shares at a much higher price down the track, the general illiquidity (if there is such a word)of CXM makes this difficult.
A spec dividend would seem to be on the cards but the problem with this is that the sp will drop after distribution making it a zero sum game.
An acquisition, i don't think comes under heading of capital management, but it is one way of spending $ that may add value.
I hope they are gutsy and start buying back their own shares. Imagine what spending $10m or so could do to sp?
CXM is in a crazy situation of having cash > than market cap and much of that cash is uncommitted to current projects.
"Shareholders will be updated in due course." I'm looking forward to it!
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Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.85M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 80000 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 666 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 80000 | 0.037 |
3 | 1236854 | 0.036 |
1 | 35000 | 0.035 |
1 | 30333 | 0.033 |
3 | 67221 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 666 | 1 |
0.040 | 400459 | 2 |
0.041 | 150000 | 1 |
0.044 | 217715 | 1 |
0.045 | 90000 | 1 |
Last trade - 07.00am 26/07/2024 (20 minute delay) ? |
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