So you're just an argumentative person for the sake of it. Confirmed.
Strong asset backing - I know you don't read reports but you can look at income tax expense & payments (taking into account dividends paid) for an idea of the growing franking credit balance (& of course the buyback was very likely going to be off-market to distribute those - not sure you remember, though you certainly post a lot so I would hope you do). Also, if you read reports, you would see a cash balance (asset backing - I'll leave you to inform yourself as to whether the term "strong" suffices).
The import of franking credits depends on the makeup of the shareholder base of course (again, I don't know whether you think these things through or just shoot from the hip). But pension & super funds certainly put a value on their distribution - its an Australian market thing.
I'd put it to you to try to understand what the "board's role & responsibiites" are - I certainly don't dismiss them.
If your point is simply a matter of timing, then make that. If you think the buyback should be stopped, then say that.
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Last
$7.48 |
Change
0.150(2.05%) |
Mkt cap ! $6.257B |
Open | High | Low | Value | Volume |
$7.54 | $7.54 | $7.41 | $40.98M | 5.449M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4485 | $7.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.48 | 14075 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4485 | 7.450 |
2 | 3036 | 7.430 |
5 | 101842 | 7.420 |
3 | 35555 | 7.410 |
11 | 71670 | 7.400 |
Price($) | Vol. | No. |
---|---|---|
7.480 | 14075 | 2 |
7.490 | 30271 | 5 |
7.500 | 32750 | 6 |
7.510 | 14504 | 1 |
7.520 | 26004 | 3 |
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