The column on the npat chart for FY19;is likely be about the same as FY18 (hoping)
So npat not much more than FY15 ....in a period when revenues have more than tripled
Something wrong - all this clipping the ticket and not much more profit
Maybe charts not as good looking as you obviously intend to demonstrate
Just as well you not showing a profit per share graph since 2016.
In 2016 we had about 63mil shares on issue, now close to 87mil. That profit now is shared more widely.
To be fair: nobody knows where the SP would have been without the Buyback. To be honest - this was my other reason to sell out ... not that keen to find out with my own portfolio in the shooting line.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
So distressed Paul Byrnes figured he better get his deck fixed before winter comes on - with his 30,000 share sale
All joking apart, this IS the kind of double-faced behavior which institutional investors take keen note of.
Why would anyone (especially a a chartered accountant, and professional director and investor with 25 years’ experience in senior and CEO roles in private and listed companies) sell shares when the shares are so undervalued?
In my journey of investing over the years, I always recall an institutional investor dumping his fund's total shareholding of Ceramco's shares when Charles Bidwill stepped down complaining of ear-ache problems which prevented him from flying BUT was rumored to be in a plane a few weeks alter.
The manager did the right thing as Ceramco's share price almost totally collapsed a few months later.
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