Probably in technical terms a share buy back is the best for shine but with Morrison and Roche owning 60% of the company, a buyback would defeat the purpose of Shine listed as a public company and would in effect be a proxy takeover by the founders at less than the initial float price. I doubt whether the purchase of Carr & Co is earnings positive on a cash basis ie do they have a NPAT P/E of 7 or lower and was the company paying proper wages to the managing owners. Doubt it very much.Just make real cash profit, pay real tax, wait for real franking credits and pay out real franked dividends. Make Shine Great Again.
Probably in technical terms a share buy back is the best for...
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Last
86.5¢ |
Change
-0.005(0.57%) |
Mkt cap ! $144.2M | |||
| Open | High | Low | Value | Volume |
| 87.0¢ | 88.0¢ | 86.5¢ | $46.29K | 52.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14962 | 86.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.0¢ | 4339 | 1 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| SHJ (ASX) Chart |
