GREY:ALARF - Post by User
Comment by
BSdetector2016on Sep 27, 2017 9:42am
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Post# 26747165
RE:RE:Steve King : Initiate a share buy-back
RE:RE:Steve King : Initiate a share buy-backHe's got to try something different; current strategy means share price is stuck in neutral and subject to psychotic price movements. I'm losing patience with this boat anchor stock as I am sure the vast majority of holders are. I know "the dividend is great" but what about the capital destruction?
maypeters wrote: Steve has already indicated that if they changing new opportunities and partners generating 15% IRR then they will not use the money to buy back shares.
No point in buying back shares and raising capital through a new issue.
At least no DRIP in place.
BSdetector2016 wrote: Retire some of the float and the dividend that those shares pay, and increase the share price now.