CDU
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0.00% 23.5¢ cudeco limited

Capital raising followed by buybacks is how Wayne works.A...

  1. Slats7
    2,088 Posts.
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    23/08/11
    11:12
    Post #: 8859134
    Capital raising followed by buybacks is how Wayne works.

    A company like CDU that is funded on contributed equity so there is no need to bebuying back shares. Why was stock issued at $3.80 and then use that money and buy back shares?

    Wayne's buybacks are useless IMO.
    CDU Price at posting: $3.39 Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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