BIN 0.31% $3.23 bingo industries limited

All iam saying is management was never in a hurry to lap up the...

  1. 192 Posts.
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    All iam saying is management was never in a hurry to lap up the shares low in first place if that was the case they would have done off market BB. They have the priorities set for them the priority is to bring cost synergies between Bin and DADI which will have direct impact on EBITDA. CEO has a 5yr plan for bingo he clearly believes the sector is in the growth phase hence he is looking at a bigger picture how to capitalise on the opportunity that's ahead of him. IMO he is on track by grabbing the opportunities both organically and inorganically.
    plz keep in mind it's an year long buyback even this shows he is In no rush. And the buy back may not even be done fully if the SP reaches a certain level. On market buy back is used as a tool to set a floor price to SP. IMO SP only rises if there is a positive trading update and this is what I want to see more than company announcing they bought first set of shares

    AIMHO
    DYOR
    SS
 
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Currently unlisted public company.

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