You are correct.
People should also look at when a dividend can be paid and the relationship between having retained profits.
If anything, a capital return would be more likely, but that potentially leaves people holding a capital gain to deal with.
The buyback increases your percentage ownership of the company without affecting the shareholders' income or taxes, at least until they sell.
Banter and General Comments .. BRK, page-11335
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.27M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $27.81K | 2.327M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 43879060 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 4472333 | 2 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| BRK (ASX) Chart |