Post 1H dividend, GMA have circa $300m of excess capital that can buy back about a third of shares on issue. GMA today announced their intention to buy back up to 11% of issued shares on market.
If GMA loses the CBA contract, GMA share price will likely fall and having a buy back in place means GMA can scoop up shares really cheaply and enhance total buy-back capability to maybe 50% of outstanding shares.
If GMA retain CBA, GMA’s share price will likely rise and GMA will have taken advantage of the current share price slump - with each share bought back at currently depressed prices is “worth” 20-30% more than what GMA pays for it.
In the world of investment banking pitch books, simple win-win scenarios win.
- Forums
- ASX - By Stock
- HLI
- Ann: Notification of buy-back - GMA
Ann: Notification of buy-back - GMA, page-2
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HLI (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.20 |
Change
0.070(1.69%) |
Mkt cap ! $1.198B |
Open | High | Low | Value | Volume |
$4.15 | $4.22 | $4.14 | $6.242M | 1.488M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2245 | $4.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.20 | 2391 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2245 | 4.180 |
3 | 47064 | 4.170 |
4 | 10190 | 4.160 |
3 | 8110 | 4.150 |
2 | 4295 | 4.140 |
Price($) | Vol. | No. |
---|---|---|
4.200 | 2391 | 1 |
4.210 | 9544 | 3 |
4.220 | 64416 | 7 |
4.230 | 22255 | 4 |
4.240 | 20930 | 3 |
Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
Featured News
HLI (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online