Lets face it.... Not many shareholders are in the stock because they love the businesses Corum is in, they are there because the stock is cheap and throws off good cash flow (and used to pay a good dividend).
It would be great if the new management could turn around the existing businesses and start growing them organically. However, even it this is not possible the company is a fantastic platform to back an exciting business into as it has the cash to acquire a business and the cashflow to fund early growth. I'm not convinced an acquisition needs to be synergistic with existing businesses. The new CEO, Mark Wilmott, seems to have experience in a number of different areas.
I concur with Bill's thoughts on a buyback. One of the biggest problems with this stock is that it is too tightly held. A buyback would only exacerbate the problem if Bill did not sell into it. They are better off doing a capital return to shareholders if they cannot do something better with the excess cash. Best of all would be to do a decent size acquisition with a script component so that we got more shareholders and more liquidity.
- Forums
- ASX - By Stock
- My Chat with Bill Paterson
Lets face it.... Not many shareholders are in the stock because...
-
- There are more pages in this discussion • 3 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 PHX (ASX) to my watchlist
|
|||||
Last
4.0¢ |
Change
0.003(8.11%) |
Mkt cap ! $23.94M |
Open | High | Low | Value | Volume |
3.9¢ | 4.2¢ | 3.9¢ | $123.9K | 3.084M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000000 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 111237 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.036 |
1 | 200000 | 0.035 |
1 | 150000 | 0.033 |
2 | 140000 | 0.032 |
3 | 308245 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 111237 | 1 |
0.050 | 364999 | 1 |
0.051 | 80000 | 1 |
0.055 | 77252 | 1 |
0.060 | 28973 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
PHX (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online