Share buy backs, what a waste! please put wind in sales…17 Apr 2023 13:48
So all the cash flow committed to share buy backs has had a really positive SP impact over the past few months??….well done board and rampers!. If they try and recover the cash by selling the shares, will only depress the SP further. Board need to do a review their strategy (do they actually have one ??) either use the incoming cashflow to stop share buybacks and declare an intent to use the cashflow for a regular divi programme (and so change the potential benefit profile which may attract a different sort of investor, with positive SP impact) or find a deal, even if buying in more% of the wressle interest (say some % of that held by europa for example) or a new prospect….At the moment this is in the doldrums, board need to steer for alternative waters.