Posted by kcchongnz > 2013-09-06 15:33 | Report Abuse

Is it a good capital allocation to buy back shares when:
1) You have a total debts of 820m but just 32m cash in your balance sheet.
2) After spending money for capital expenses, you have no free cash flow left from the operations?
3) Some more pay dividends of 37m
4) some more spend money to buy 125m of "financial assets", shares?

To me, this is an extremely poor way of capital allocation.