Share price is reflecting an expectation of an announcement re the Westpac bond which has a high percentage chance of being returned to shareholders as a capital return. 80 mill shares on issue...$10M bond. Thats 12.5 cents a share. They have so much cash already that unless they announce an aquisition there's not much point in management hoarding the cash....best give it to the shareholders. The last share price spike from 30 cents to 50 cents was on the back of the announcement of 1 cent dividend and special dividend of 5 cents. Agree with 65 cent target over the next two months - announcement can happen anytime....so be ready !
KYC Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
