HERALD SCOTLAND – Dec 2 – Cupid is seeking to inject some life into its moribund share price by launching a multi-million pound buyback of its own paper. Cupid said it is to hold a shareholder meeting on December 19 "to apply for shareholder approval for a share buyback programme of up to 10% of the issued share capital of the company". With a market value ~£150M, this suggests Cupid could spend upwards of £15M on the exercise.
by Tim Sharp
See full article at Herald Scotland
Moribund! Que? Cupid has a stagnant share price but has done comparatively well. Hardly moribund? It seems the idating industry has an IR problem.
Moribund! Que? Cupid has a stagnant share price but has done comparatively well. Hardly moribund? It seems the idating industry has an IR problem.