You can't argue in one sentence that they would be wiped out with the current capital levels & then in another claim they have surplus to requirements.
Just because there is a statutory minimum capital level it doesn't mean they should reduce capital to that level.
If the GFC told us anything it's that regulators get things like capital requirements very wrong.
Ann: Update - Notification of buy-back - HLI, page-29
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Last
$4.04 |
Change
0.100(2.54%) |
Mkt cap ! $1.171B | |||
| Open | High | Low | Value | Volume |
| $3.99 | $4.09 | $3.98 | $3.352M | 829.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 8324 | $4.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.04 | 11908 | 52 |
View Market Depth
| Last trade - 15.42pm 17/07/2024 (20 minute delay) ? |
| HLI (ASX) Chart |