Macquarie Equities latest research report has ROC's net Cash...

Macquarie Equities latest research report has ROC's net Cash Position forecast to grow from $65M as at Dec 13 to $367M as at Dec 2016.

I know a company has many objectives and not just maximising shareholder returns. However, from a theoretical perspective, a company when considering an investment, should benchmark the proposed investment against an alternative investment of repurchasing some of its shares on market. Given that ROC shares are currently trading significantly below independent valuations of those shares, perhaps ROC may earmark some of that cash surplus for a share buyback some time in the next few years.

I guess it all depends on ROC's proposed future plans which may not yet be included in broker's forecasts.

Regards

SP