Ann: September Quarterly Conference Call Notice, page-61

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donegaldemon

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27/10/17

12:40

Post #: 28252086
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Originally posted by jake0002 ↑

a share buyback, in Yowies case, is a mirage.
that from experience.
it is a short-term fix.
a buyback has strict rules.
Yowie can only buyback shares at around market price - so if they buyback it will be at prices around the 20c mark. and they are only buying around 20.6m shares over 12mths.
I guess that's a lot of shares, but it will only move the SP marginally in my experience.
It only makes sense for Yowie NOT to push the price up, but buy the shares on a dip in price.
YOW will not want to spend their scarce funds on a smaller number of shares.

Once the buyback is complete, it is 100% certain that the SP will then trade as a reflection of normal mkt forces. So if SP is inflated because of buyback, then it will drop to reflect mkt.
and it will then reflect the drop in cash balance of Yow caused by money expended on buyback. so self-defeating.

The other big issue - is that the buyback has been forced on board by a couple of bigger shareholders.
SO guess who will sell into the buyback !!!!!
so good luck if you want to sell into buyback expecting a surge in SP as a result, because the buyback will be flooded with shares from these bigger s/h imho.

it just seems so hypocritical for directors to accede to demands of the couple of big s/h to spend funds on buyback, then the directors put their hands out for more money and largesse?

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Well there you go , I wasn't aware of the rules of a buyback so it's No for me ,
Cheers

YOW Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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Ann: September Quarterly Conference Call Notice, page-61

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