DGX
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0.00% 0.6¢ diploma group limited

buy back to 45c, last trade 35c, page-15

  1. TwinTurboCelica
    9,328 Posts.
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    21/10/10
    11:29
    Post #: 7362240
    Pep,

    Buybacks work on stocks that are not liquid, but not always on stocks that are.

    I bought on the fundamentals of the company (P.E of 4.5, no corp debt), and the fact there is a known buyer about to hit the market.

    Given that the company is only spending the money it raised at 45c on buying the stock back cheaper is a great move IMHO.
    DGX Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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