It's a good time for an on market buyback. We are not funding growth/acquisition projects at the moment as there are plenty of organic ones in the NST pipeline.
The question now is which is a better use of revenue. Dividend or buyback. At the current low SP then buyback is my preference. Once the SP recovers and we get the NST SP premium lost when Billy left then the dividend should be increased. All in due time of course
Ann: On-Market Share Buy-Back, page-14
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Last
$13.71 |
Change
0.250(1.86%) |
Mkt cap ! $15.75B | |||
| Open | High | Low | Value | Volume |
| $13.76 | $13.82 | $13.57 | $108.5M | 7.907M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 110631 | $13.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.71 | 48528 | 3 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| NST (ASX) Chart |