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clock Created with Sketch. 28/11/24
13:30
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Originally posted by Ivanovich:
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Good wrap up Numis. I'm confident the share price will recover to some degree but they are not the only stock on the ASX. Answers from the Chairman re the large protest vote demonstrate how out of touch they are. If they share price is undervalued why can't they launch a buyback and reduce operational expenses at the same time ? (spend money to reduce operational expenses - more detail needed on that ? ). Employment and related expense increased by $3M (13% on top of 19% last year) and this is where they need a cost out. However hard to do in a "lifestyle" business. Might get some token share buying from management when they get in a huddle after the AGM.
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hope you use those funds for other good fits.
(20min delay)