Fair Oaks Inc21 Share Price (FAIR)

Hi damofarl, and today was also ex-dividend day, and a 2% drop back to NAV, 57.25 cents.

Wow, this company makes money on every angle.... I'll buyback shares at at a discount to NAV to be accretive, then I'll sell due to demand the shares I just bought at 55c for 57.5c, whilst reaffirming buyback plan (rinse, repeat?).

The gift that keeps on giving

I'm assuming this is because we are now at NAV. So how about an increase in dividends then ?

Hi all. The buyback seems to have stopped, but no announcement.

They have bought 24,019,083 (which are held in treasury) which does not equate to the original $20m buyback intention.

Indeed, Happy New Year all FAIRies.....

Boringly, reassuringly, very much business as usual here.

On the buybacks, generally I'm not a fan, but I feel it is irrefutable they have worked here (because they weren't done at the top of the market (to inflate performance fees/renumeration etc), but done for the reasons stated - to reduce NAV discount. And in that it is quite noticeable than from being daily, without fail, they are now far more sporadic, and whilst nowhere near the totality of their mandate, with, amongst other things, currency fluctuations, they have obviously come up against breaching that buybacks should be at less than NAV.

The discipline in such, just reinforces the proactiveness, professionalism of FAIR to me, and my belief.

The spread is striking - minimal for this kind of stock, and indubitably a consequence of the buybacks.

And I have to say, I am now a convert to the fixed 2c quarterly dividend. Itt gives continuity/security, and must surely release mgmt from making short term decisions for a quick flattering return to making long term strategic income yielding.

And arguably BB's have returned in addition to yield - and whilst this may discount my long believe that there will be a special, in fact, the accretive nature of those BB's only reinforces my view.

I chuckle every time I think of FAIR - this supposed high risk/specialist/professional investor stock has been for me, a constant worry free rewarding bedrock.

Until the next update/divvy, good luck all FAIRies