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.
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)
Add NIC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
84.5¢ |
Change
0.010(1.20%) |
Mkt cap ! $3.621B | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.8¢ | 84.0¢ | $2.137M | 2.519M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38797 | 84.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 2049 | 2 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| NIC (ASX) Chart |