I'm pretty sure they will announce another buyback in six months time - at least another $100m.
The PCA multiple continues to increase despite their strong commitment to quickly bring it down to the target range. With continued benign claims (noting $6m paid in Q1, $6m paid in Q2 and guidance total claims incurred for the year being slashed from $100m to $0 - $50m), this thing is going to print money in the next six months, especially noting the running yield generating $50m+ per half.
I expect capital management fireworks in six months time, when they have the franking credits to play with.
Dividend guesses, page-15
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Last
$3.87 |
Change
-0.060(1.53%) |
Mkt cap ! $1.127B | |||
| Open | High | Low | Value | Volume |
| $3.92 | $3.94 | $3.84 | $4.179M | 1.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15063 | $3.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 5746 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| HLI (ASX) Chart |