One of the worst examples of incompetence was squandering $NZ 900 million from 70% of Tower Co sale on share buy backs over $5 and over indulgent dividends. Now their debt is less than ideal, the tide has gone out and the embarrassment of reality revealed.
I hope they have the integrity to be accountable at the next AGM instead of deflecting like spineless cowards.
I thought my average of $2 for a 'defensive' company was decent, but I was wrong.
They need to pay down debt with remaining Connexa sale and forfeit dividends till their balance sheet is under control.
DEI - Didn't Earn It
One of the worst examples of incompetence was squandering $NZ...
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Last
$2.14 |
Change
-0.030(1.38%) |
Mkt cap ! $4.043B | |||
| Open | High | Low | Value | Volume |
| $2.18 | $2.19 | $2.13 | $4.430M | 2.061M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 30000 | $2.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 34843 | 6 |
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| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
| SPK (ASX) Chart |