I think the management disappointed a lot of investors in recent times with capital raisings. However they got greedy then when the discount narrowed to just a few percent. I think you can safely say with the discount getting closer to 15% recently, capital raisings are well and truly off the agenda, share buy backs are what they should be aggressively doing now. They have a large LIC now and 20% or so is sitting in cash. Since the capital raisings Geoff Wilson has upped his stake from around 6% to 13% I think from memory. I think this is getting close to a buy if you are comfortable with gold (St Barb & Doray) and of course Sirtex still.
I think the management disappointed a lot of investors in recent...
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Last
$1.10 |
Change
0.000(0.00%) |
Mkt cap ! $282.8M | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.12 | $1.09 | $309.2K | 281.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 75193 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 38119 | 2 |
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| Last trade - 15.59pm 18/07/2024 (20 minute delay) ? |
| PIA (ASX) Chart |