CVN 3.03% 16.0¢ carnarvon energy limited

I'd rather see a share buy back then dividends paid at these...

  1. 1,073 Posts.
    I'd rather see a share buy back then dividends paid at these stupid levels. Nothing crazy. Maybe 5% of the company over the next 12 months.

    We have 673 mill shares. If the company started a buyback of 5% of stock that would be app. 33.6 mill shares.

    At an avge of say 40c over the coming months, that would cost $13.4 mill.

    They will have endless possibilities to raise cash down the track at a higher shareprice level if something exciting comes their way.

    Personally, I believe the buyback would be a wise investment in itself.

    Food for thought.

    mm
 
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