GXY 0.00% $5.28 galaxy resources limited

Ann: Quarterly Report - June 2018, page-164

  1. 521 Posts.
    lightbulb Created with Sketch. 263
    I would like to see a share buyback or at least a statement saying they may do a buyback, rather than a dividend.
    It's not hard to go through the top shorted shares and find quite a few that do pay a dividend.
    Haven't looked into it but I would be surprised if there are shares in the top 30 shorted that are currently going through a buyback.
    I think dividend payments are too predictable and don't bother the shorters. I think the best way to go is put out the statement that says that we "may" do a buyback. seems to scare them off too unpredictable. I don't know why more companies don't do it.
    Buyback then dividend probably the way to go, more cash for those that are still holding.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.