There are limits of how much buy-back you can do.
Eg. you have $10m to pay out.
As a dividend that's easy.
As a buy-back, maybe you find that the SP is increasing too much after $1m, and now you're close to over-paying, wasting money.
For the buy-back to continue, people have to loosen their grip on their shares - stop being long term holders, and put their shares up for sale.
If most people are holding, then they have to limit the buy-back and do a dividend too.
BUYBACK 50% of stock approval at AGM - Awesome!, page-11
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.63 |
Change
-0.050(2.98%) |
Mkt cap ! $422.0M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.67 | $1.63 | $262.2K | 159.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 37255 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 3522 | 6 |
View Market Depth
| Last trade - 14.47pm 19/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |