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  1. #13751
    Advanced Member Entrep's Avatar
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    A great investor said the price would be $2.75 by the time the buyback commences. What gives?
    BTC went to $69K and now $16K. Good thing I’ve been warning you since it was $3K! I was right!

  2. #13752
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    Put my new Skypod in this week to replace Vodaph TV. Picture is much better .
    However it keeps going silent and I have to reboot it to get the sound back....

  3. #13753
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    Quote Originally Posted by Entrep View Post
    A great investor said the price would be $2.75 by the time the buyback commences. What gives?
    Patience grasshopper - it commences in a weeks time.

    It obviously wasn't me who said that.....

  4. #13754
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    So the benefit to shareholders who don't sell during the buyback is that the total number of shares outstanding is reduced, therefore we stand to get a slightly bigger slice of the dividend pie? Plus hopefully the share price rises reflecting there's now fewer shares in the market?

  5. #13755
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Mr Woods View Post
    So the benefit to shareholders who don't sell during the buyback is that the total number of shares outstanding is reduced, therefore we stand to get a slightly bigger slice of the dividend pie? Plus hopefully the share price rises reflecting there's now fewer shares in the market?
    In theory YES ..... in practice not always the case
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #13756
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    Quote Originally Posted by winner69 View Post
    In theory YES ..... in practice not always the case
    However this is correct.

    “Assuming the full capacity of the buyback is utilised, at the 29 March share price of $2.55, it would be expected to deliver a 3.4% uplift in Earnings Per Share”.

    And if the share price is cheaper, they can buy back a higher number of shares. Good for EPS long term. Of course the opposite is also true…..

  7. #13757
    Speedy Az winner69's Avatar
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    Tom the CFO didn’t hang around for long

    Long enough to get a farewell hug and cuddle from Sophie

    https://announcements.nzx.com/detail/409429
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #13758
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    Quote Originally Posted by winner69 View Post
    Tom the CFO didn’t hang around for long

    Long enough to get a farewell hug and cuddle from Sophie

    https://announcements.nzx.com/detail/409429
    Nothing to worry about at all I am sure! He he he.

    Hey, at least old mate Andy gets to stick his snout in the trough again.

  9. #13759
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    Looks like the chairman sees value at about $2.55 per share - 100,000 shares for a cool $255,120 on market...

    http://nzx-prod-s7fsd7f98s.s3-websit...577/392203.pdf

  10. #13760
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    Whether you rate the chairman or not, him increasing his holding with a not-insignificant purchase is a great signal in my mind.

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