Less than 2 million shares(0.4%of BSL shares) traded yesterday so they wouldn't have been able to buy too many anyway. As you stated there may be an announcement (profit upgrade) on the way as we are fast approaching the end of the year. I'm not too concerned about the buyback anymore, as I would much rather they stop the buyback when they have franking credits and pay bigger dividends. Assuming the BSL Tax loss was exhausted by the end of H1 and BSL make another $800M in H2(Australian profit) and then pay around $250Million company tax(30%) before the end of FY22, BSL should be able to give out a fully franked dividend of around $1.50 per share in September. Cutting the buyback short would pay for most of this dividend.
Ann: Update - Notification of buy-back - BSL, page-3
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Last
$20.43 |
Change
0.110(0.54%) |
Mkt cap ! $8.990B | |||
| Open | High | Low | Value | Volume |
| $20.32 | $20.58 | $20.15 | $35.06M | 1.717M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 308 | $20.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.43 | 3123 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BSL (ASX) Chart |