Not really that short on Capital. Buyback may actually be the reason for the dividend cut. Personally I prefer Buybacks over Dividend any day.
US$3.409b in cash and equivalents this report. At the current exchange rate that A$500 will put a US$314.47m dent on the Cash and Equivalents. Leaving US$3.095b in the battle chest. Not bad.
Balance sheet is pretty healthy. Much healthier than when that planned buyback was put into place 2018.
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