RE: Dennis Schultz on Linkedin13 Nov 2023 00:02
Noticed this reply/comment:-
Share Price can be helped on the way for a win win through a share buyback.at these rockbottom levels. Shareholders benefit if shares bought for treasury are resold later at a higher price generating cash and profits and indicating ITM is on the way to lead ..It will instill higher confidence by buyers who maybe weighing the purchase between two suppliers as to whom to buy from. Articles permit the board to buy back ..
Blue chip companies do it. Why can't ITM ?
Never gave it any consideration before but thinking about it, it makes perfect sense. Would, I guess, be a positive for those shareholders that stumped up the original cash and no doubt would be a good investment in itself.
Could start with buying back the equivalent of the 57.5m placing shares from 2021. Wouldn’t make the that much of a dent in cash.