RE: BATS28 Jan 2019 12:24
Next,
If you want even additional comfort, look at CashFlow Per SHare.
Its even better than EPS. But with BATS high debt levels, Cashflow is even more important, as it will enable debt reduction.
Actually from my prospective, with BATS being so cheep now, I would encourage management to do selective on market buy backs.
Do not increase the dividend for CY 2019: instead use the extra cash flow to buy back shares.
At a price under 2500p this would be very accreditive for long term shareholders, and would additionally reduce dividend pressure on future issuances.