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8% buyback isnt powerfulany ideas guys

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beefsoup and Co

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154

13/03/19

21:32

Post #: 37753325
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Originally posted by LPP08: ↑

Cupla questions....

where is the cash coming from for the buyback? Recent raising was earmarked for DADI and used to buy Tartak family properties (which was circular because it was resubscribed into the raising). Only source of free cash is the sale of the sydney property the ACCC forced them to sell. Until that settles, it might be difficult to fund a buyback

who do you think is going to sell into the buyback?

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8% buyback isnt powerful

any ideas guys

BIN Price at posting: $1.55 Sentiment: Buy Disclosure: Held
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