My understanding of this is that management maintain a suitable and responsible level of leverage across the company as a whole.
With borrowing rates so low, why would they not lock in some long term debt.
The buy backs have been going for a very ling time now and my opinion is contrary to yours, that in fact it puts a floor under the price.
Whilst small investors may have a fear of debt/leverage the institutional investors do not.
Ann: 2016 FY Results Announcements and Analysts Briefing-CSL.AX, page-43
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Last
$299.75 |
Change
2.250(0.76%) |
Mkt cap ! $144.8B | |||
| Open | High | Low | Value | Volume |
| $297.75 | $300.00 | $297.02 | $194.7M | 656.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 601 | $299.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $299.80 | 2106 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| CSL (ASX) Chart |