Yes, a buyback is obviously the way to go. $2.80 is probably the ideal price too. ($2.85? Ok, I'm being greedy ... but that would surely cause a shock to the takeover merchants)Shorten's policy on franking credits will (IMO) diminish their 'value' vis-a-vis potential investors. So, "use it or lose it" is a wise policy for a Board being challenged in a takeover. ( The franking credits stashed away is probably one of the prime targets of the takeover merchants ... and they wont be slow to make the most of it.)
Yes, buybacks that create value will normally result in dividends ... and increase Earnings per Share (because there are fewer shares) ... which should assist in increasing SP.
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Last
$6.66 |
Change
-0.020(0.30%) |
Mkt cap ! $248.8M | |||
| Open | High | Low | Value | Volume |
| $6.68 | $6.68 | $6.66 | $929.4K | 139.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5727 | $6.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.68 | 72861 | 3 |
View Market Depth
| Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
| TRS (ASX) Chart |