The board issuing shares as sign-up compensation was poor form, but either ways the company is now more solid than ever. I can't remember if it was one of the execs or directors saying this but there was a guy that mentioned it was almost certain that they were going to proceed with a share buyback to make up (implicitly) for Jayne's share issue.
In retrospect, there's more value going to shareholders intrinsically at the end of the day if they're buying back shares at a lower price than what they realised it for on issue for remuneration purposes, as opposed to using cash. You have less cash outlay with no dilution
For a close to 7 billion dollar company with enormous growth potential that is still untapped, a 7 million dollar issue whether made in poor form or not, in no way warrants a sell off where the company is now trading on a PE of less than 30 which is way too cheap for a company like A2.
The board issuing shares as sign-up compensation was poor form,...
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Last
$5.92 |
Change
-0.020(0.34%) |
Mkt cap ! $4.279B | |||
| Open | High | Low | Value | Volume |
| $5.87 | $5.98 | $5.87 | $20.08M | 3.396M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16080 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 1782 | 1 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$5.94 |
Change
-0.020 ( 0.01 %) |
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| Open | High | Low | Volume | ||
| $5.90 | $5.98 | $5.87 | 422396 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| A2M (ASX) Chart |