I do think it’s worth re-examining the buyback potential of these businesses. I believe most buybacks that are executed today are wasteful of capital. They’re often done at egregious valuations and are a form of financial engineering, designed to allow insiders to monetize their stock options or to offset excessively dilutive stock-based compensation. The flip side of this, is that if you buy back your shares at a large discount to fair value, as in the case of one of these “zero visibility businesses,” and take advantage of the stupidity of the market, then you’re likely creating substantial shareholder value—especially if you continue the buyback every quarter. Many of the companies that we own are executing such a plan, and while it may not immediately lead to share price performance, I am convinced that they are spring-loading the share price for the next upswing in the business. click to read full article
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $230.8M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $55.48K | 365.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 192907 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 782268 | 12 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| SWM (ASX) Chart |