My first post & my apologies for the topic again. JP has said that Tendrara & Badile each have the potential to offer a 3 digit rise in the SP. Why would we sell at a potentially fixed lower price & miss out on real gains?
fsheridan84 - Investopedia states the 2 possibilities for a BuyBack : See 'or offers its shareholders the option of tendering their shares directly to the company at a fixed price.'
What is a 'Share Repurchase' A share repurchase is a program by which a company buys back its own shares from the marketplace, usually because management thinks the shares are undervalued, reducing the number of outstanding shares. The company buys shares directly from the market or offers its shareholders the option of tendering their shares directly to the company at a fixed price.
Anyway, even I'm finding this discussion tedious because it's so hypothetical. Sp going up a tad - that's real.
I never thought for one moment our institutional investors' bought in on basis of a dividend.
JP, mentioned several times now a share buy back and also to return value to the main investors -that's what this is about- is a huge feather in his cap and makes solid JP's future. Be a great outcome given this is his first CEO, position and possible everyone pleased of a result, what a rare event.
As to whether smaller PIs, want to reap the rewards or hang back to watch how the sp reacts with less shares and presume warrants also be purchased only time does tell. I'll wait as long as possible one horrid trait I had was bailing too soon from penny stocks that flew eventual to a pound plus.
Pablo2 your first example is how buy backs work, not your second. When you buy in the open market and cancel, you reduce the number of shares in issue. Therefore the value of the company is divided by fewer shares, resulting in an increase in the share price. So you can not say it does nothing for shareholders, it does everything!
One other snippet, THE top fracking man for Schlumberger in the world flew in from Dubai to add his input on Tendrara. Crude it was good to meet you, hope you enjoy the book, please pass it on to Appi or James when you have finished.
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