ASX:SIQProfessional Services
A Look At Smartgroup (ASX:SIQ) Valuation After Announcing A A$20 Million Share Buyback
Smartgroup (ASX:SIQ) has outlined a new capital management move, with the board approving a share buyback of up to A$20 million. The buyback will be funded from existing cash reserves and asset sale proceeds.
See our latest analysis for Smartgroup.
The buyback news comes after a strong run, with the stock posting a 27.4% 1 month share price return and a 65.9% 1 year total shareholder return, while short term moves have eased slightly in recent days.
If this kind of capital management story...