IMO some benefits would be:
Increase EPS (by reducing number of shares).
Easier to pay divs in future (DPS looks higher on same earnings/profit level).
Stay leveraged if one believes the return on capital will be better than from reducing debt.
Interest payments on debt are tax deductible.
The counter argument you're making is it's a better use of cash to pay down debt.
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Last
$220.20 |
Change
4.230(1.96%) |
Mkt cap ! $83.82B | |||
| Open | High | Low | Value | Volume |
| $217.22 | $220.95 | $216.57 | $135.9M | 619.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23 | $242.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $198.18 | 2937 | 1 |
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| Last trade - 15.59pm 27/06/2025 (20 minute delay) ? |
| MQG (ASX) Chart |