MAH 2.94% 33.0¢ macmahon holdings limited

pathetic SBB

  1. 3,655 Posts.
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    This is probably the worst share buy-back that Ive seen. They have spent only a portion of
    what they intended to buy. Its as if they are holding back hoping the share price drops
    a bit so they can buy at a cheaper price. Maybe theyre hoping for a negative announcement, lol.
    With the stock trading at about 1/2 net tangible assets (incl zero debt), this share bb is not
    supporting the stock price at all.
    Any views on this?

    tbs
 
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