SENS 23 April 2008 Resolution to consider and, if ---- 99.6% Passed deemed fit, with or without modification the special resolution in order to provide the directors flexibility to repurchase shares as and when suitable situations arise
Share buyback will reduce the number of shares in circulation, this in turn will ideally push up the price of the share.Shares that are bought back are either cancelled or become part of authorised share capital. By the way , how is the physio coming alone?
No asylum. If ASA was bought at 1c 20 years ago, and it compouned at 72% a year, ASA would be worth R513 today. There is a huge difference between the average return and compound return, especially if there are negetives involved and it is over the long term.eg. The average return a yesr for an investment that doubles in 10 years is 10%(100%/10). The compound rate of return is 7.18%.