The buyback after the sale when there was no income to replenish the cash was always likely to be a poor use of shareholder funds. (ironically shareholder activism pushed them to it)
Then obvious difference, unless you are particularly financially illiterate, is they now is they have cash generating assets and deploying excess capital to reducing shares on issue, a ff div or a value accretive acquisition should all be on the table.
Ann: Capital returns policy and launch of on-market buy back, page-16
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Last
$1.65 |
Change
0.035(2.17%) |
Mkt cap ! $1.281B | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.69 | $1.63 | $12.23M | 7.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 228084 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 78806 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| KAR (ASX) Chart |