On my numbers, diverting additional funds from dividends to buybacks will be far better for shareholders if you're here for the mid-long term (I am). Increased dividends often seem to have a short term effect of responsively increasing the share price & that's fine if you have a short horizon. Keep in mind that dividends here will be unfranked so that's another reason I'm especially happy for an enhanced buy-back program.
On the historical $2.50 price, that coincided with the possibility of winning a transformational contract (that they didn't bag unfortunately). I think fair value as the business is currently trading is around $1.40-$1.55; so still scope for good gains with comparatively little visible downside now that such a large part of the business has evolved from design/build/installation.
On my numbers, diverting additional funds from dividends to...
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Last
57.5¢ |
Change
-0.020(3.36%) |
Mkt cap ! $43.82M | |||
| Open | High | Low | Value | Volume |
| 57.5¢ | 60.0¢ | 57.0¢ | $17.23K | 29.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13007 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 7994 | 1 |
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