Gentia Software has denied it is going for a share buyback, although it said it discussed the possibility at its annual general meeting in November.
George Sprenkle, the online analytical processing (Olap) software supplier's financial director, said the cost of raising the capital, combined with the Asia-Pacific economic crisis, did not make it a viable proposition at the moment, although he would not rule out the possibility in future if Gentia made a large acquistion, issued more shares or generated large earnings figures.
He added that shareholders would also not be happy if the firm bought back its shares at $5-6, when they had paid $15-16 on flotation.
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