Yep, to all the above. Buybacks increase EPS and unless STO has a better investment than their own underpriced stock (according to everyone here) then they should keep going.
A rise in EPS is hardly going to be crack for the shareprice but will in due course be accretive when we share our dividends (and franking) with less mouths.
Ann: Update - Notification of buy-back - STO, page-10
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Last
$7.02 |
Change
0.180(2.63%) |
Mkt cap ! $22.79B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $7.03 | $6.91 | $81.59M | 11.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24242 | $7.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.03 | 74930 | 6 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |