It will be interesting whether the buyback pushes the share price back up to the mid 20s. Only 150k bought back yesterday so at that rate it will take 12 months to use up the $700million that has been allocated for the buyback. I don't think that we should reduce the number of share too much more than the 500 million we now have on issue as the higher the price of a share the less likely people will want to trade the share. The 1 for 6 consolidation we did back when the share price hit 25c might come back to bite us.
I believe if the company starts paying Australian tax in the current financial year and start generating franking credits the buyback will be cut short and BSL will revert to decent franked dividends again.
Ann: Update - Notification of buy-back - BSL, page-2
Add BSL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$22.26 |
Change
-0.670(2.92%) |
Mkt cap ! $9.767B | |||
| Open | High | Low | Value | Volume |
| $22.94 | $22.99 | $22.26 | $51.33M | 2.286M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9345 | $22.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.27 | 10741 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BSL (ASX) Chart |