Yes agreed.
I'd much rather they completely ceased the dividend and ploughed it all into buy-backs for a few years.
If the outstanding shares were to be halved over a few years at or around this valuation, it would be a hell of an opportunity for shareholders who were happy to remain owners.
I like buying now, knowing that the company is basically buying me another 1 share for every 11 or so that I buy or already own.
Ann: Notice of on-market share buyback, page-3
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Last
89.5¢ |
Change
0.015(1.70%) |
Mkt cap ! $167.0M | |||
| Open | High | Low | Value | Volume |
| 86.5¢ | 90.0¢ | 86.5¢ | $193.3K | 219.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14511 | 89.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 15460 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NZM (ASX) Chart |