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$3.23 bingo industries limited

it seems they are doing it everyday now. BB volume is low....

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AuShareMate

32 Posts.

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28/03/19

09:30

Post #: 37909373
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Originally posted by AuShareMate: ↑

There will be 2 scenarios that may happen IMO
1st option is to increase share price to make DADI's founder holding more attractive: if i were the director, I would trigger BB every 2-3 days so that price will increase to the maximum as each time there is a 3E announcement price will increase the day after. when Price reach 2.54 which is at their issue price to founder of Dadi. they can stop the BB.And Dadi founder can also use the cash proceed from Dadi deals to buy more cheap share to increase his holding. -> short - medium term effect
2nd option is to maximize buyback by buying as low possible, as fast as possible. 5 mil per day, they can finish BB it in 15 days. This would maximize company's benefit from the cheap acquisition of Dadi (80mils saved) and create a floor for SP. and increase its EPS. medium -long term effect

Either way, it's great for the company.

IMO DYOR

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it seems they are doing it everyday now. BB volume is low. reckon GS trying to buy at the lowest level. IMO

BIN Price at posting: $1.55 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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