It is already quite a small register, if you buy some of it back you create a situation where the stock becomes illiquid. Institutional money would be wary of an even smaller register.
Retaining some of the earnings for growth projects is a very tax efficient way of helping the sp higher. Growth companies tend to trade on higher PE ratios than those that pay a chunk of earnings out as dividends.
Ann: FY20 Financial Results Presentation, page-73
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $304.4M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.3¢ | $401.9K | 2.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 154387 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 428734 | 6 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| AMI (ASX) Chart |