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Buy back ...consolidation... Blah blah blah. It's all white...

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kpkg

4,149 Posts.

02/08/17

09:26

Post #: 26231793
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Originally posted by Brian3644 ↑

I agree with you on the buyback vs consolidation. I would much prefer to see a steady and sustainable share buyback, even if this was staged over several years. Using a portion of the free cash flow to purchase share particularly at the moment when share price is low should create a good ROI.
IE of 10% of profits / FCF was used for share buyback the share price would take care of itself eventually.
My target would be 500m shares total (included options once exercised) although this would take several years

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Buy back ...consolidation... Blah blah blah. It's all white noise and if the company is really kicking goals and there is sufficient eps then the on market demand will sort it out. Clearly we are not at that point yet. But looking at these option to boost the sp is garbage .

STL Price at posting: 2.5¢ Sentiment: None Disclosure: Held
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