WB once this Buyback done I reckon a Dividend should be seriously looked at. For example if you hold 100k of shares, the money used for the buyback would get you a unfranked divi of ~$3,500. Then you compare that to a 3c jump in the share price, 4 cents+ BB is better and so forth.
Just don't know if div's can be paid while they have tax losses? Its so rare so excuse my ignorance.
IT
Ann: Update - Notification of buy-back - MLX, page-23
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Last
42.0¢ |
Change
0.005(1.20%) |
Mkt cap ! $380.6M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 40.5¢ | $591.9K | 1.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 246 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 225200 | 7 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MLX (ASX) Chart |