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CLSA - downgrade to A$4.20 TP, page-32

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    lightbulb Created with Sketch. 5
    Yeah, i know but the original questioner that i was replying to wondered why a company would manage their capital doing a share buyback and also borrow funds, the inference being that they were (my words) ostensibly to fund a decision to maintain dividends at a level shareholders have become accustomed to.
 
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