re: bsl - buyback Buyback still continuing at a million a day. Hard to tell, but you would think they are going to continue at this rate and get it over with in three months, rather than string it out over 7 or 8 months as they would be able to do.
I'm speculating that either
- Amount of cash they hold is burning a hole in their pocket, so they want the buyback over with.
- They feel the price will rise a lot over current valuations, perhaps when 1st full year results released. So it makes sense to buy at these prices.
- Maybe they can pay a better looking dividend by reducing the number of shares on issue before the record date?
Aegis featured a note on BSL yesterday, mentioned that it is no longer so compelling at these valuations.
re: bsl - buyback Buyback still continuing at a million a day....
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Last
$20.43 |
Change
0.110(0.54%) |
Mkt cap ! $8.990B | |||
| Open | High | Low | Value | Volume |
| $20.32 | $20.58 | $20.15 | $35.06M | 1.717M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 308 | $20.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.43 | 3123 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BSL (ASX) Chart |