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
I am a bit confused by the Board/Management of HLI. In previous...
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Last
$4.18 |
Change
-0.040(0.95%) |
Mkt cap ! $1.217B | |||
| Open | High | Low | Value | Volume |
| $4.20 | $4.21 | $4.15 | $1.904M | 455.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 932 | $4.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.18 | 2439 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$4.18 |
Change
-0.040 ( 1.07 %) |
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| Open | High | Low | Volume | ||
| $4.19 | $4.21 | $4.15 | 164138 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| HLI (ASX) Chart |