From pure economics 101. Buy backs are the most efficient user of capital if the shareprice is depressed on low PE.
It compounds also, as I doubt very much anyone will be able to get this rate of return from their dividend checks.
There are rules on how many can be bought back. Therefore it may be academic.
Projected FY 2021-22 and Final dividends, page-157
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Last
$6.62 |
Change
-0.020(0.30%) |
Mkt cap ! $5.538B | |||
| Open | High | Low | Value | Volume |
| $6.67 | $6.70 | $6.60 | $26.40M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17504 | $6.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.65 | 14785 | 2 |
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| WHC (ASX) Chart |