Glasgow, and one in kent that they sold for One pound. They lost around 20m nz from memory
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A very pragmatic approach by two companies that are very long term orientated, this investor approves..
Share buyback announced for up to 8.9% of issues shares over the next 11 months. Another abject waste of (shareholder) money or a good use of capital - a link to the DRP that may be reintroduced?
From one who would know?
https://www.cnbc.com/2018/08/31/warr...hoo&yptr=yahoo
Presumably only a good use of capital if the company is well capitalized.
IFT have continually had share buybacks approved but only buyback when market has deeply undervalued their share price.
Smart move I would suggest particularly if we are ripe for a sell off in stock prices?
A share buy back approval gives investors some confidence IFT share prce won't drop absurdly.