If they increase debt my preference would be to acquire another value accretive business such as another Libertas over using debt for a buyback. Alternatively they could sell a noncore business to fund a buyback or to fund another acquisition. Surely this is a smarter way forward over adding debt to the business to buy out shareholders.
My view is if the fundamentals of the business align with a clear strategy surely the business will attract new shareholders & hence will fix the share price weakness. A good example of what not to do is XPL. The major buyers have been directors and the company through a buyback. It failed and look where XPL is today.
News: SEQ Sequoia Financial Group To Conduct An On-Market Buy-Back Of Shares, page-6
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Last
35.5¢ |
Change
0.005(1.43%) |
Mkt cap ! $43.87M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 35.0¢ | $37.20K | 105.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 56039 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 19052 | 2 |
View Market Depth
| Last trade - 15.00pm 27/06/2025 (20 minute delay) ? |
| SEQ (ASX) Chart |