RE:Buybacks & Divvy
Resilience2 wrote: If these prices hold, Q1 will be when divvy criteria will be reached ($ 135 - $ 145 mln net debt & < 1 debt/ebitda.
Buybacks are under discussion for Q1 but nothing certain until decision is made.
I've already indicated a few times that if they think the $ 7,75 SP will be hit by Oct. '25, now is the time to buy those shares and make a profit.
I do support first getting debt within objective range.
R.
Keep in mind they stated they intend to return 25% of Free Funds Flow back as a sustainable dividend and buybacks for overflow
Q1&2 Funds Flow = 58.5 Million x 2 = 117 million over the year
117 million x .25 = 29.25 million return expectation
29.25 / 37.32 Shares Outstanding = $0.784 per share available for returns
.784 / 3.97 share price = 19.7% yeild today if 1st half financials are used as an indicator...