I heard Telstra might buy back some shares, so Mabe Myer is looking at the same model.
I would guess that a 7% paying company is better to borrow at 3%pa to buy back shares it would otherwise have to pay 7% dividends on.
I think the objective is to reduce the net cash outlay the Company spends on total dividends and interest.
Thus retailing a high dividend and supporting share valuations.
But I wasnt aware Myer was looking at this. I did read that Telstra was though.
But I bought more, my swing Target $1.20, page-81
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Last
83.5¢ |
Change
-0.005(0.60%) |
Mkt cap ! $694.5M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.0¢ | 82.5¢ | $685.8K | 822.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6074 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.0¢ | 66144 | 5 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| MYR (ASX) Chart |