Invest $100M for long term return or Buy back- $10M allocated to buying back shares at a 20%+ discount. Invest $90M for long term return- with less shares on issue and any shares bought back receiving the instant 20%+ non taxable uplift. - would support share price too which keeps shareholders happy.
No brainer really for anyone except someone wanting to keep management pool as high as possible.
BTI Price at posting:
$1.20 Sentiment: None Disclosure: Held
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