Australia's largest stock trading and investment forum Australia's #1 stock forum

XPD

Click for more information

0.00%

1.3¢ xpd soccer gear group limited

Henry, thanks for your insight.

First 11 Last

Share
Profile

Follow
williak

11,334 Posts.

84

07/12/16

15:37

Post #: 21172139
Share

Originally posted by HenryEmmett ↑

When they listed they probably didn't expect the price to be at half the IPO price so they would not have been considering the possibility of a buyback then.

It's likely the case that they discovered after announcing the buyback that the procedure was much more difficult than they anticipated, which is unfortunate and not something they can control. If they can't do a buy-back they need to just concentrate on the business and hopefully there's no impact on the ability to pay dividends (which is what I've been told).

I think it's worth buying a small portion at these prices, but not a high convinction buy.

Expand

Henry, thanks for your insight.

XPD Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

BOE

Boss Energy ramps up as industrial-scale plant build continues; FY25 guidance of 850Klb intact

SKS

SKS secures $20M for extension works on Melbourne data centre

GDP grows 0.2% in June quarter, but annual growth the slowest since the 1990s

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

EBR

EBR Systems' heart pacing device on-target to reach the US market

First 11 Last

Add XPD (ASX) to my watchlist