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.
Not really, a 50 million share share buy back would be on market...
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 815921 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 309816 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |