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
$7.77 |
Change
-0.030(0.38%) |
Mkt cap ! $6.500B |
Open | High | Low | Value | Volume |
$7.70 | $7.84 | $7.69 | $37.59M | 4.840M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5512 | $7.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.78 | 2928 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 5512 | 7.740 |
1 | 5000 | 7.730 |
3 | 24089 | 7.720 |
8 | 71183 | 7.710 |
9 | 38237 | 7.700 |
Price($) | Vol. | No. |
---|---|---|
7.780 | 2928 | 2 |
7.790 | 21089 | 2 |
7.800 | 20429 | 3 |
7.810 | 23089 | 2 |
7.820 | 6000 | 3 |
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