Cheers mate, when they 'propose' to buy a certain number of shares it is not a promise nor even an indication of how many shares that they may buy back. The proposal simply meets a legal requirement- they can pause or even stop for good during the 12 months. Once they have got the legal requirement out of the way- and they pause the buy back- they can then recontinue the buy back without going through all the paperwork again.
Yesterday's share movements and volumes did not indicate a buyback, and Lo, there is no buyback announcement today. Perhaps it will continue again later or perhaps not.
EHL is a sector peer and recent example of what it can look like when a buyback pauses and the ex-div date is passed. You can have the ritual ex-dividend dip and then, even without the buyback, the SP can recover again soon after. The sector appears in demand at the moment.
Long term none of this matters- and my posts can usefully ignored.
Longer term- DDH is more exposed to gold and less exposed to explorers. It has less debt than most of its peers. It is exposed to ongoing capex in a higher interest environment but it manufactures many of its rigs with, as I say, low debt.
Was happy to top up yesterday.
IMHO DYOR
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