I am a bit confused by the Board/Management of HLI. In previous buybacks they seemed stuck on paying up to NTA of $3.80. Then that seemed to change to a limit of $4 based on something I am not aware of. Yesterday the price that the company did the buyback ranged to $4.05. I cannot see a plan here. Am I wrong but happy to get views. Also the company had been talking about getting the PCA back in the range of 1.4 to 1.6 times and as far as I can see they have never got close. Am I missing something here as well?
If a buyback is supposed to increase the share price of the stock the only way I can see I benefit from that is if I sell my shares. Capital gains tax. If the company has no franking credits to hand out what is the difference between paying capital gains tax on a share sale and the company giving me the capital where I may have to pay tax?
Probably silly questions
Ann: Update - Notification of buy-back - HLI, page-2
-
- There are more pages in this discussion • 63 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HLI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.87 |
Change
-0.060(1.53%) |
Mkt cap ! $1.127B | |||
| Open | High | Low | Value | Volume |
| $3.92 | $3.94 | $3.84 | $4.179M | 1.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15063 | $3.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 5746 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| HLI (ASX) Chart |