RE: Share buyback?5 Jul 2018 18:46
everyone spoke about GLEN debt when it went down to 65p and then when it raised to 125p and then 280p and we have seen even £4.10 and everyone still knows GLEN has debt but everyone also knows that the debt is manageable otherwise you wouldn't see the meteoric rise from 65p to £3 and recently £4.
Same about TESCO, harping about its debt level, pension deficit etc but these high debts as long as are manageable with the assets that these big companies have, lenders are happy, shareholders are happy and everyone is happy.
So the recent drop from £4 to £3.20 seems to be just sentimental and concerns due to trade war and commodity price falling like Copper. Once the dust settles, this will rise and share buy back although did not help LLOY, RYA etc, I think we are comparing Apples and Oranges!
Vengor, I don't know if you are the same one who was deramping PMO when it was around 70p level and talking about PMO debt. PMO has hit £1.30 2 times till now from that 70p level so now you don't start talking about GLEN debt too please!