Jumbuck today announced the sale of it oztions online auction business to carsales for 1.1 million dollars. This looks like another strategic move from there new ceo to divest non core assets. As we all know jumbucks business has been performing poorly for some time but they continue to have a very strong cash position relative to the size of the company. Would the best use of this cash be a special dividend or further share buybacks?
oztion sale
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