Ex­pect them to buy

Finweek English Edition - - MARKETPLACE -

The As­to­ria share buy­back kicked in on 5 May at a price of up to 1 166c. As­to­ria has the right to in­crease its buy back price and in­di­cated it will is­sue a Sens if it does. With the lat­est set of results show­ing a net as­set value (NAV) of $1.06 (around 1 409c at the time of writ­ing), as I have writ­ten pre­vi­ously, this does put a solid floor on the share price be­low NAV. I ex­pect it to be buy­ing and to in­crease the price it is pre­pared to buy at.

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