So our excess cash may be used to buy back shares. Fine with me.
If they buy back 10% of shares, I'll get an 11.1% higher share of the profits ie 11.1% higher dividends in the future.
Maybe it'll cost $10-13m to buy back 10% of shares. Assuming we continue with the current positive trend it shouldn't take long to pay off that $10-13m and be back to cash positive ready to buy back more shares or grow! :D
So our excess cash may be used to buy back shares. Fine with...
Add CYG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.36 |
Change
0.000(0.00%) |
Mkt cap ! $145.9M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 3960 | 1 |
View Market Depth
| Last trade - 16.12pm 25/11/2024 (20 minute delay) ? |
| CYG (ASX) Chart |
Day chart unavailable
