So guys how is this buy back going to benefit you? The maximum buy back is less than 5% of the shares on issue. They can’t deploy that cash to operations? Capital? in my opinion I believe it’s a dumb strategy whether the price is low or high. Given market conditions, price of coal and definitely lower revenue this quarter I just don’t understand the strategy. Should've increased the dividend. They have some hefty payments to make over the next 4 months. I say preserve capital instead. Is anyone going to give me a great reason why they should buy back shares now and likely in the short to medium term? Or are you going to not respond? I’d appreciate a respectful answer or thoughts. If we assume the share price stays as is, isn’t the maximum number of shares approximately $225 million in a change to the real market cap? Big woop? Thats an uplift to the current price of less than 5% if the bought back the maximum. Example share price says at $5.50. After maximum buyback at say average $5.50 then share price theoretical value is around $5.77. Is that so great?
WHC Price at posting:
$5.57 Sentiment: None Disclosure: Not Held
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