Those theoretical financial metrics are not unique to on-market buybacks they are also applicable to Suncorp return of capital and includes consolidation of shares! This neutralise poster’s arguments of why it stand outs amongst other alternative return of capital methods.
I find it difficult to understand why the board chose this option when a fairer distribution was available during a ‘cost living’ stresses . It would have enhanced NHC image as a good corporate citizen!
The possibles motives for the board select on-market BB is that the board were possible placed under some form of duress from the major shareholders or they wanted to restructure the holders within the registry.
Shakeout of small holders during covid and cost of living pressures!
NHC Price at posting:
$3.87 Sentiment: Hold Disclosure: Held
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