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.
I heard Telstra might buy back some shares, so Mabe Myer is...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
60.0¢ |
Change
-0.005(0.83%) |
Mkt cap ! $1.036B | |||
| Open | High | Low | Value | Volume |
| 61.0¢ | 61.5¢ | 59.5¢ | $5.633M | 9.346M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 106983 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 111282 | 2 |
View Market Depth
| Last trade - 16.11pm 25/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |