I'm 100% with you Dairyqueen.
Share buy back means absolutely nothing without a dividend.
So what if the buy back increases the earnings per share..
Who cares this increase is not taxed..
Where's the cash flow to shareholders ?
Sure the price "might" go up, then what ? Sell the company to realize cash flow and pay tax ?
If I'm holding for years, I'd like a cash flow stream thanks (even just a little bit), otherwise i might as well trade in and out of penny stocks.
With A2m currently having $887,308,000 in cash and no special dividend, do they really give a sh1t about their shareholders ?
Ann: Notification of buy-back - A2M, page-14
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Last
$6.25 |
Change
0.510(8.89%) |
Mkt cap ! $4.525B | |||
| Open | High | Low | Value | Volume |
| $6.24 | $6.77 | $6.05 | $29.65M | 4.654M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 39157 | $6.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.00 | 370 | 1 |
View Market Depth
| Last trade - 11.20am 27/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |