Not really, a 50 million share share buy back would be on market and cost a little over $200M and reduce SOI by bugger all as a % , s
A dividend announcement would hurt the shorters more as they either have to stump up the dividend payment and hope the SP falls a significant amount post ex date to buy back the shares or if it doesn't stump up the dividend payment and pay a higher price for the shares to give back to the lender.
Either way, I wouldn't want to be short on PLS currently.
Ann: December 2022 Quarterly Activities Report, page-494
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Last
$3.01 |
Change
0.050(1.69%) |
Mkt cap ! $9.059B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.04 | $2.96 | $47.61M | 15.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 168080 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 137639 | 2 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |