I suppose six monthly dividends are supposed to be a return of a percentage of profits to shareholders.
With a buyback it's probably capital management with capital returned to shareholders.
Is that how it works?
Re-invest the capital proceeds of the sale in the business or distribute it to shareholders in some way?
Also they had a lot of franking credits they could distribute at the same time.
CLSA - downgrade to A$4.20 TP, page-14
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