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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$6.93 |
Change
0.020(0.29%) |
Mkt cap ! $5.797B |
Open | High | Low | Value | Volume |
$7.08 | $7.13 | $6.74 | $48.02M | 6.959M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 613 | $6.93 |
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Price($) | Vol. | No. |
---|---|---|
$6.94 | 19258 | 3 |
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No. | Vol. | Price($) |
---|---|---|
1 | 613 | 6.930 |
1 | 7650 | 6.920 |
1 | 700 | 6.910 |
2 | 8650 | 6.890 |
6 | 9190 | 6.880 |
Price($) | Vol. | No. |
---|---|---|
6.940 | 19258 | 3 |
6.950 | 18112 | 2 |
6.960 | 17245 | 3 |
6.990 | 4117 | 2 |
7.020 | 16400 | 3 |
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