Eventually, most people will agree with my view that the BB is likely to be a long term failure vs dividends. Even now, everything bought above $8.60 is at a loss and may need $1-2 per share in extra return just to break even.
The BB should only be happening at $5 or less and at higher prices, you return dividends. The returned dividends would get cash off balance sheet and share price would probably get back to $5 where BB make great sense again.
Rinse and repeat until BB justifies $8 due to reduced float of 700m shares on issue.
Target $18.72, page-4059
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Last
$8.97 |
Change
-0.020(0.22%) |
Mkt cap ! $7.504B | |||
| Open | High | Low | Value | Volume |
| $8.97 | $9.08 | $8.94 | $35.74M | 3.977M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7560 | $8.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.97 | 14961 | 3 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| WHC (ASX) Chart |