Not really, a 50 million share share buy back would be on market and cost a little over $200M and reduce SOI by bugger all as a % , s
A dividend announcement would hurt the shorters more as they either have to stump up the dividend payment and hope the SP falls a significant amount post ex date to buy back the shares or if it doesn't stump up the dividend payment and pay a higher price for the shares to give back to the lender.
Either way, I wouldn't want to be short on PLS currently.
Ann: December 2022 Quarterly Activities Report, page-494
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Last
$2.82 |
Change
-0.035(1.23%) |
Mkt cap ! $8.672B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.92 | $2.81 | $20.48M | 7.149M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 72 | 277992 | $2.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.82 | 140682 | 18 |
View Market Depth
| Last trade - 13.41pm 18/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |