A lot of ppl are worried about the number of shares on issue and the effect percieved or real that it has on the share price.
I have given it some thought, perhaps, a 2 pronged strategy to lifting the share price may be the way to go.
Obviously, the best way to increase value is to explore, drill, find oil, and produce, Nido has done this of late, yet the sp has not behaved the way we would have expected, we now have an impressive income flow to help further exploration for a company (undervalued) at 70 mill.
Perhaps, management should allocate a small percentage of each lift, say 5% and put it towards a buy back scheme whilst the company remains undervalued or till a certain share price has been reached let's say 8 cents this 2 pronged strategy towards lifting the share price would not only give the potential investors the excitement of the next big find but also alleviate the negativity of a large share register. thoughts
Regards views
NDO Price at posting:
3.3¢ Sentiment: ST Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)