buyback starts tomorrow.
Overall i think the report is good, coal price average is less than i expected but this is reported at 12mth average so happy with what they achieved.
I think the strategy will play out well, 40x FF div is not terrible and a huge warchest left for further buybacks which will be awesome protection to falling price if the market corrects like everyone is suggesting. People would complain if they gave it all away in divs and didn't have the ability to do another decent buyback and protect the SP when times get rough. I think the longer term strategy at plan is the smarter move for investors
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buyback starts tomorrow.Overall i think the report is good, coal...
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