In a recent engaging conversation with Zak Mir, CEO of Roadside Real Estate, Charles Dixon shared valuable insights ahead of the company’s Annual General Meeting scheduled for mid-June. This interview provides a comprehensive look into Roadside Real Estate’s strategic direction, recent financial achievements, and plans to reward shareholders, including a significant share buyback proposal.

Roadside Real Estate’s Impressive Share Performance and Share Buyback Plan

Last year marked a remarkable milestone for Roadside Real Estate, with its shares appreciating more than threefold. This achievement not only reflects the company’s robust business model but also the strategic decisions made by its leadership. Charles Dixon expressed his satisfaction with this performance and highlighted the potential for further share price appreciation.

Central to the company’s plans is a proposed share buyback, which was subtly included in the recent AGM notice. This buyback allows the company to repurchase up to 10% of its ordinary share capital, a move that has already garnered shareholder support. The buyback strategy is driven by the proceeds from the company’s divestment activities, particularly from its stake in Cambridge Sleep Sciences (CSS).

“We wanted to be able to reward our shareholders but also provide liquidity to them,” Charles explained. This buyback not only signals confidence in the company’s future prospects but also offers shareholders a direct benefit, enhancing shareholder value without dilution.

https://www.share-talk.com/interview-roadside-real-estate-insights-from-ceo-charles-dixon/