20 December 2021 - share buyback programme
The Tanzanian focused natural gas company has followed up its trading update last week with news that it is to launch a share buyback programme given the fact that the share price stands at a significant discount to net asset value per share. Last week the company revealed that at the end of November it had net cash balances of $24m. Following this announcement the company has purchased 7.5m of its own shares at a volume weighted average price of 20p per share. We re-iterate our recommendation of BUY.
This content is restricted to members only. We offer three packages from 1 month to a whole year of daily tips, market news and commentary, plus our monthly newsletters.
Registration is quick and simple HERE.
Already a member, log in HERE.
