Not exact matches
Once (or should I say if) this pension / labour dispute is put
to rest, I'd actually expect a rapid & substantial improvement in
shareholder value — this might be a substantial
return of capital or a tender offer (
to distribute surplus cash), and / or a
potential new partnership or even a takeover offer..?!
The tender offer was intended
to return surplus
capital,
to confirm the value & liquidity
of EIIB's balance sheet,
to address any
potential share «overhang»,
to enhance NAV per share, and
to send a clear signal
of management's commitment
to shareholder value.
The rns on 01/12 caught my eye too «The Board is actively considering all options
to grow and retain
shareholder value including a
potential return of capital should the Board deem it the most appropriate course
of action in the coming months.»
Cash & Share Buyback / Tenders: Consider the scale
of the
potential cash generation implied above, and Donegal's equally large discount
to intrinsic value... A strategy
of shrinking their outstanding share count is often the simplest & best way for companies
to utilize cash,
return capital & enhance
shareholder value.
This, combined with our focus on working
capital management and the cash generative nature
of our business, means we have the
potential to generate meaningful
shareholder returns as our business grows.