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Many companies have suspended their buybacks. It is prudent...

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Alejandro1

988 Posts.

667

22/03/23

15:52

Post #: 66903578
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Originally posted by Bailey241: ↑

Any thoughts as to why the buyback hasn't resumed? Blackout period in Jan and Feb, but highest price paid under the buyback so far is $0.935 (or $0.90 dividend adjusted). Should suggest there's appetite to resume the buyback around these levels.

I understand the business weakness in January and February but it's not like future earnings are impaired as a result. Perhaps looking at an acquisition? Picking up Schramm out of administration?

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Many companies have suspended their buybacks. It is prudent given economic uncertainty. Strong cash position is a buffer to breaks in business activity. It should translate to a higher final dividend.

DDH Price at posting: 86.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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