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News: CSR CSR announces $150 million share buyback, page-15

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alfred137

1,037 Posts.

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04/03/16

11:01

Post #: 17186636
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Originally posted by Piste Skier ↑

3708,

Let's put this into perspective. I repeat, if the intention was to return surplus cash to shareholders, a special dividend achieves this in a tax efficient manner.

$150 M buy back fund for a company with market cap of $1.5 Billion will have no effect on share price other than short term support.

Further the buyback will be at a time of management choosing. IMO the objective is to allocate shareholder funds for management use, other than growing and running the core business - which is why we give them our money in the first place.

A buy back signals that management are unable to utilise the funds to achieve a higher return than the cost of capital. That is not good.

I don't like it.

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special dividend benefits speculators, not long-term investors. shares buyback indicates confident, not cash surplus. hope it clear.

CSR Price at posting: $2.95 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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News: CSR CSR announces $150 million share buyback, page-15

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