RE:RE:RE:Insiders
barrywhit wrote: method,
I'm afraid i don't see any benefit in the buyback, just pay off the debt quicker. Any shares they purchase will only be replaced with options later on in the next few years.. We have over 680million shares buying back 30million odd shares won't do a lot for the share price IMHO
i couldn't disagree more. When you consider what the free float is after Wexford, insiders and a few big shareholders, the real float is < 250m shares. Add to that, the share turnover being so low implies pretty strong hands so 30m shares of buying would allow the stock to go up a lot easier. The debt is kind of irrelevant in the discussion as it's being paid off regardless.