share price would collapse if they announced any thermal acquisition.
Offmarket Buyback is the way to go, especially to start burning the $490m franking credits that would otherwise not be fully utilized. Can you imagine SMSF and pension funds jumping over each other to participate in a [for example]: 20c capital component + $1.54 fully franked dividend + $0.66c franking credit = $2.40 buy back which only costs $1.74 to fund, a number less than the convertible note exercise price? Even 200m shares bought back barely scratches the franking credit balance ($132m reduction). SOL could even participate with those credits passed onto their shareholders.
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$4.48 |
Change
0.030(0.67%) |
Mkt cap ! $3.787B |
Open | High | Low | Value | Volume |
$4.49 | $4.52 | $4.47 | $8.028M | 1.789M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8718 | $4.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.50 | 2187 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8718 | 4.480 |
6 | 21411 | 4.470 |
14 | 69717 | 4.460 |
8 | 49289 | 4.450 |
4 | 35095 | 4.440 |
Price($) | Vol. | No. |
---|---|---|
4.500 | 2187 | 1 |
4.510 | 33692 | 7 |
4.520 | 21025 | 3 |
4.530 | 2187 | 1 |
4.540 | 2687 | 2 |
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