Disagree
Buybacks are certain and they are buying their own stock at a 50% discount to NTA. Buyback is the smart prudent step.
Remember they are investing in their own portfolio at a 50% discount and the NTA per share rises as each share is bought back as i have said above with zero risk.
The only thing I don't like is they seem to be hitting the offer at 9 cents - I would be letting the price drop as much as possible as the objective of the buy back is to increase long term share holder wealth not hold up the share price in the short term. If you are selling a NTA at 9 cents with 8 cents of cash then you deserve what you get
- Forums
- ASX - By Stock
- greatest bargain of our time?
Disagree Buybacks are certain and they are buying their own...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TVL (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.79M |
Open | High | Low | Value | Volume |
6.6¢ | 6.6¢ | 6.6¢ | $0 | 15.94K |
Featured News
TVL (ASX) Chart |