Buyback Not Prudent for RUL Considering that the top 20 holders control 64.5% of shares (based on the last notice).
Instead, the company should focus on:
Controlled Dividend Increase: A gradual increase in dividends would be a more effective way to reward shareholders.Diversification and Growth: Pursuing acquisitions or increasing marketing and sales spend could promote diversification and organic growth.
A buyback in this situation raises concerns:
Unnecessary Share Price Increase: Pumping the share price may not be beneficial when the top shareholders already hold a significant majority.
Premium PE Acquisition: Buying back shares at a premium PE of 62 isn't a smart financial move in my opinion.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$3.22 |
Change
-0.060(1.83%) |
Mkt cap ! $710.7M | |||
| Open | High | Low | Value | Volume |
| $3.28 | $3.28 | $3.22 | $290.7K | 89.78K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $3.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.25 | 9240 | 3 |
View Market Depth
| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| RUL (ASX) Chart |