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0.00% $1.94 race oncology ltd

Ann: Expanded Heart Protection Discovery for Zantrene, page-169

  1. IndexInvestor
    8,409 Posts.
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    09/12/21
    16:03
    Post #: 58193226
    In the happy situation where RAC has more funds than it needs for trials, I think an on-market buyback would be better than a dividend, because:
    * it gives each shareholder a choice whether to hold or sell into the buyback
    * it doesn't create an income tax bill
    * the SP will increase, triggering option conversion and a virtuous cycle
    * there's a CGT discount, but no income tax discount.
    RAC Price at posting: $3.44 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 25  Upvote
    lightbulb Created with Sketch. 3  Great analysis
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