Dark Blue Sea begins share buy-back

Board decides best domain name acquisition opportunity to invest in was DBS itself

Dark Blue Sea (ASX: DBS) has began its planned share buy-back, with a purchase of 139,000 shares.

The company had announced a desire to invest some of the $4 million revenue the company had in the bank as of the end of April this year, especially as the company was running debt-free.

But the board decided that the best domain name acquisition opportunity to invest in was DBS itself.

DBS plans to buy back a further 5.4 million shares over the coming weeks. This is the company's fifth share buy-back.

The company describes itself as an online advertising intermediary, or an "internet traffic" broker. It has developed and manages the pay-per-click advertising portal Pageseeker, among other interests.

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