Reasonable results14 Aug 2023 10:41
This stock continues to disappoint me. The results were ok, not gleaming. I don't agree in seeing debt increased to buy back shares or pay dividends. It would be wise to clear debts first. I'm sorry to disagree with the last post but selling shares back to the market would be dilution. If a company buys back 10% of its shares, it is likely the sp would rise until fair market value is reached prob 10%. When you reissue those shares a likely share price fall will follow. Seen it before many times. I don't like companies holding shares in treasury, it's a bit of a cheat since one way or another they tend to be reissued. With share buy backs I prefer to see cancellation. This is my largest holding for 2 years and is no where near what I call fair value, but you can't fight the market