ROC
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1.16% 8.7¢ rocketboots limited

150 m usd cash - 163 aud, page-2

  1. MjrMambo
    199 Posts.
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    02/05/14
    08:49
    Post #: 13314403
    I think now that the merger with horizon is very likely to proceed.

    But given this cash balance and the franking credits. ROC could have bought back like 20-30% of its market cap quite easily. Especially at its current low earnings multiples would have generated fantastic returns for shareholders.

    Ah well. Just dreaming haha
    ROC Price at posting: 48.0¢ Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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