I assume that you are asking this question as a result of the current SP?
I'm personally not a big fan of mgmt persuing initiatives for the purpose of supporting the SP. This should almost be last on their priority list.
The co. already has surplus cash and has a dividend policy in place. If they have cash they should be returning it or reinvesting it in the business via organic/inorganic growth opportunities. An example; equity participation in the the recently announced HPAL project. Alternatively build out their ESG credentials which I am becoming increasingly concerned about.
The other thing to consider is debt (they have it). So, rather than spend it on a buyback it would be better to reduce debt. It's all about captial efficiency.
- Forums
- ASX - By Stock
- NIC
- Why ?
Why ?, page-7
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NIC (ASX) to my watchlist
|
|||||
Last
81.5¢ |
Change
0.025(3.16%) |
Mkt cap ! $3.535B |
Open | High | Low | Value | Volume |
81.5¢ | 83.0¢ | 81.0¢ | $2.327M | 2.844M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 213117 | 81.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.0¢ | 209994 | 38 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 213117 | 0.815 |
15 | 236998 | 0.810 |
14 | 166304 | 0.805 |
6 | 103917 | 0.800 |
7 | 114888 | 0.795 |
Price($) | Vol. | No. |
---|---|---|
0.820 | 209830 | 37 |
0.825 | 393723 | 20 |
0.830 | 545613 | 26 |
0.835 | 249879 | 12 |
0.840 | 235718 | 13 |
Last trade - 11.25am 16/08/2024 (20 minute delay) ? |
Featured News
NIC (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online