I'm picking the sp will break $5 in time for FY results due out in Jul/Aug.
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I'm not making predictions anymore having been proven wrong on more than one time over the last 6 months.
I do think a lot of that is dependent on extrinsic factors as well.
In saying that Tiwai doesn't worry me, even if it closes the SP has already been hammered over this and in my opinion won't have the negative impact many think.
I have bought a fair amount of CEN and I believe I will do well out of it this year but only time will tell ;)
My ultra quick pass by of Craigs comprehensive research on Tiwai and its effects on the Gentailers is.... much ado about nothing in the medium /longer term."we highlight that Tiwai represents less than 7% of current industry revenue".... so i think you're onto a goodly zig whilst the mkt doth zaggeth. buto DYOROh
About $17 million left to spend on the buy back.
They have purchased 4.7 million shares since the resumption of the buy back.
Maybe that explains why the SP has held since they went ex divvy at the start of the week.
I have a question, does the share buyback need to be completed by the end of the financial year or do they even need to buy back the amount indicated ie if they have 17 million left to spend on buy backs this month alone I would predict a SP rise perhaps.
Thank you for that.
I'm holding a decent amount as well but mostly bought it at low levels. At least the divvy this month brings some joy :)
No on-market buy back y'day by the looks, as there was no notification issued.
The sp holding okay, just struggling to break through the 4.50 mark. Guess it'll be long time before drinks.
Another attempt to push through 4.50 mark has been squashed again.