It certainly makes sense - just like it did at 3 and 2 and now 1 something......
Lets look at the rationale at all 3 times
1) To give shareholders greater exposure to the upcoming Brazil drilling campaign - ( really to quell shorters and because Insto's wouldn't agree to a dividend ) - thoughts pass or fail?
2) Underpin the share price at the bottom of the cycle as per AGM - pass or fail.
3) Underpin the SP at a lower price again after the AGM and falling further - pass or fail?
Yeah great idea all makes sense what they are doing.
Who suggested they buy an asset they aren't managing the cash they have at their disposal - and you'd trust them to buy an asset in the market that will just get cheaper after they bought it?
Come on i get it you can never pick the bottom or the top - i know ....... they haven't done a bad job of misreading it the last 3 goes at the buy back have they?
And 2 years ago i sat at the AGM when they were telling us how they had a 1700% rise since listing and we were at the bottom of the cycle???
Thats what they get the big bucks for - their judgement and decisions.....
Yeah the buy backs have again proven their acumen.....
Anyone got a monorail for sale - reckon i know where there is a buyer other than Springfield?
It certainly makes sense - just like it did at 3 and 2 and now 1...
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Last
$1.83 |
Change
0.015(0.83%) |
Mkt cap ! $1.466B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.86 | $1.82 | $9.850M | 5.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 38837 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 22163 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |