LNG
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0.00% 4.3¢ liquefied natural gas limited

Share buyback?

  1. 8horse
    34,333 Posts.
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    26/09/15
    23:18
    Post #: 16067164
    Another ASX200 company raised $300m in May 2015, share price dropped about 40%, their company recently announced share buyback to buy on mark up to 6.6% of the total issuers shares, about $80m.

    LNG has dropped about 70% from the May's capital raising price of $4.35, and we had $181m cash on 30 June 2015.
    We could just spend $40m to buy 6.6% of the issued shares.
    I have few emails exchanged with our company secretary and just suggested our company to consider share buyback to boost investor confidence.
    LNG Price at posting: $1.38 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 10  Upvote
    lightbulb Created with Sketch.  Great analysis
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