Buyback Not Prudent for RUL Considering that the top 20 holders control 64.5% of shares (based on the last notice).
Instead, the company should focus on:
Controlled Dividend Increase: A gradual increase in dividends would be a more effective way to reward shareholders.Diversification and Growth: Pursuing acquisitions or increasing marketing and sales spend could promote diversification and organic growth.
A buyback in this situation raises concerns:
Unnecessary Share Price Increase: Pumping the share price may not be beneficial when the top shareholders already hold a significant majority.
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Last
$2.67 |
Change
-0.010(0.37%) |
Mkt cap ! $596.5M |
Open | High | Low | Value | Volume |
$2.69 | $2.69 | $2.65 | $68.74K | 25.72K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 1017 | $2.66 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.67 | 2183 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 3966 | 2.650 |
5 | 7908 | 2.640 |
7 | 16540 | 2.630 |
3 | 12286 | 2.620 |
2 | 36879 | 2.610 |
Price($) | Vol. | No. |
---|---|---|
2.670 | 2720 | 4 |
2.680 | 9311 | 7 |
2.690 | 11225 | 6 |
2.700 | 14573 | 4 |
2.710 | 1967 | 2 |
Last trade - 11.01am 14/06/2024 (20 minute delay) ? |
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Last
$2.66 |
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Change
-0.010 ( 0.26 %) |
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Open | High | Low | Volume | ||
$2.67 | $2.69 | $2.65 | 6741 | ||
Last updated 11.18am 14/06/2024 ? |
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