The only reason we had a buy back was because a certain Insto was threatening the board with dumping their holding. They demanded the buy back so they could sell all their stock into it and exit. The board never wanted the buyback but it was forced upon them.
A buyback has the POTENTIAL to lift the SP based on SOI…. It’s not a guaranteed exercise.
Karoon is not a major with the ability to do several buybacks and buy an asset.
I see a divvie as a reward to patient shareholders.
A guaranteed divvie suits me both personally and financially.a lot more than a potential SP increase.
The only reason we had a buy back was because a certain Insto...
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Last
$1.95 |
Change
0.040(2.10%) |
Mkt cap ! $1.562B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.97 | $1.88 | $16.99M | 8.803M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 304276 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 15114 | 1 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
$1.96 |
Change
0.040 ( 3.13 %) |
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| Open | High | Low | Volume | ||
| $1.89 | $1.97 | $1.88 | 1792249 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| KAR (ASX) Chart |