There was nothing preventing TLS paying an extra payment within this financial, 2 dividends, including a return of credit distribution.
The RoC distribution would be in a majority of small investors hands tax free.
Such a distribution would have been helpful to a number of people especially during the cost of living stress.
Instead the board put aside funds that these small investor’s are entitled too for the benefit of traders and institutions.
I would be surprised if many of the smaller investors would have partaken in the on-line buyback unless they were really desperate. If my line of thinking is correct the majority of this set aside funds will end up in the hands of traders and the T20.
Its like ur boss donating ur bonus to a greedy charity on ur behalf!
TLS Price at posting:
$4.23 Sentiment: None Disclosure: Held
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