I prefer patience and management to find appropriate ways to use the money for growth. They have done very well so far and made some clever decisions. I am not that worried about the share price going much lower and I don't need the money anytime soon.
These guys have only just started making money. Not yet time for dividends or share buy backs in my opinion. If a year from now if the cash balance is much higher and there are no good projects to buy or start, sure pay it out to share holders. For now lets go for growth possibilities with a very promising management!
In the long run this might create much bigger gains.
Share Buyback, page-3
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Last
28.5¢ |
Change
0.010(3.64%) |
Mkt cap ! $205.3M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 29.0¢ | 27.0¢ | $637.7K | 2.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 517728 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 399947 | 14 |
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| Last trade - 15.22pm 27/09/2024 (20 minute delay) ? |
| FEX (ASX) Chart |