I'm 100% with you Dairyqueen.
Share buy back means absolutely nothing without a dividend.
So what if the buy back increases the earnings per share..
Who cares this increase is not taxed..
Where's the cash flow to shareholders ?
Sure the price "might" go up, then what ? Sell the company to realize cash flow and pay tax ?
If I'm holding for years, I'd like a cash flow stream thanks (even just a little bit), otherwise i might as well trade in and out of penny stocks.
With A2m currently having $887,308,000 in cash and no special dividend, do they really give a sh1t about their shareholders ?
Ann: Notification of buy-back - A2M, page-14
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Last
$7.01 |
Change
0.290(4.32%) |
Mkt cap ! $5.067B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $7.12 | $6.81 | $26.19M | 3.735M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $7.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 28521 | 7 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |