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Quarterly dividends won't be much help here since cash is generated across 6-monthly periods due to the nature of the business and regulatory constraints. Sure they could hold some of the FY dividend back and apportion that across the other quarters but that doesn't help anyone and it still might be subject to regulatory scrutiny at each quarter.

Well markets don't like uncertainty and the recent Mexican legal case was another of those where the market applied a hefty discount to the SP to reflect the risk. I expect the same will happen here but I if there is any market expectation for likely cost, it is not in the $bns.

If the buyback has such a reliable impact on the SP, surely this would be easy for any investor to simply divest and invest at right times. But to suggest that the buyback was a waste of money would be to conflate the impact of the buyback with all sorts of other variables that might be driving the price.

At least we know that with x% of shares acquired by the company, all the per share stats will be x% higher than they would otherwise have been so for the same company stats, an unchanged price means that the shares are x% "cheaper" than they were.

Of course there's a different situation if the share are not "cheap" to begin with so there is case to be made that buybacks don't always work in favour of shareholders. The safest way to avoid this is to not buy shares that are overpriced - but that's what we are trying to do anyway

Sorry, my mistake. They were covering another company I hold but didn't talk about EAAS.

Don't we have lots of spending plans for SA proceeds? I certainly wasn't aware they had plenty left over for distributing to shareholders.

Good to see the banters back here. Nothing to do with any news, just the SP movement. Disappointing when the board looks the same when the price is rising.

Surprised to see that it was less than a month ago we were over 80p but the SP seems to be in a bit of a hurry today

Surprised that a 1m share purchase didn't move the dial here. But it looks like we have another significant buyer here.

You can see an interview they did from the link on p2 of this board - post dated 22 Aug

Not sure how this slipped under the radar, but we should see HY results on Thursday.

Phoenix bought the UK business of Sun Life of Canada a few years ago in an all-cash deal. All of those companies sit within the Phoenix Group.

Probably more accurate to say that China will start that war with an outside bet it will be the US.

As to the main theme, I think I would probably agree, but I don't think this will stop me buying at or around these prices. I can top up more if it dips more.

I've heard plenty of news through the wine; some of it might have been accurate.

For those who missed the Investor Meet, here is the recording.

https://www.investormeetcompany.com/meetings/investor-presentation-932

Aspers, Jet2 is not a very good "buy and forget" stock. Low dividend and volatile price makes it difficult to pick a good time to measure performance. It's currently in one of those "down" phases which can drag on for several months but could equally reverse when results are published. Right now I'm sitting on capital losses but have an IRR of around 10% which I feel reasonably happy with considering the SP has dropped over 30% from its high. Nothing more complicated than adding on dips and reducing at higher levels, typically keeping the profit in shares.

Xhita will have to explain why he thinks a PE ratio of 6x is "fair" here for a growing company but confident that OTB can demand a PE ratio of 20x or more.

I wasn't trying to suggest that the ASX listing was no longer planned, rather that it wasn't key to delivering on the strategy. Once fast-track is confirmed, PFS and the CEOL application/contract are the next two priorities and PFS opens up the next set out actions.

Why then the wider market sell off? Are we seeing the start of a correction?

Would obviously be a good time to top up here though I'm personally holding fire until I understand what's happening today.

It gives us another chance to see if it can hold this level like it did yesterday.

But at this point, I would tend to agree that the markets are not in a happy place today so would be looking for more obvious bargains than here.

Now there's a nice solid trade to start the day off on a positive note.

To be fair, you'd need to run the test over a number of shares where the price has dropped over 50%. I can probably find half a dozen from among my own investments. Even then it really can't allow for all the other variables related to personal circumstances. Maybe it's easier if we all avoid running private competitions where the prizes have so little value.

For my part, it's always useful to hear a counterargument or word of caution on an investment. Whereas I've focussed on the cash movements and taken for granted that the business can make money, Trotsky is looking at the underlying business and has further concerns around the quality/reliability of the information. As a general rule, if you don't trust the management to make the right decisions and provide balanced information, you don't want to be investing in the company (divesting is also an option but psychologically is much harder) . Or be very clear with yourself that you are making a risky investment but the positives have to be sufficiently high to outweigh this sort of "agency risk".

Nothing really new. Still waiting for the local consultation phase before getting the expected confirmation that the CEOL fast-track has been re-opened (anticipated in November). SP could break out at any time as they are actively doing the investment rounds - noticeably I don't think they mentioned ASX.