Can anyone confirm this for me?
A company is allowed to buyback it's own shares on market up to a total of 1% per week until a 5% stake is reached before it has to declare this to the ASX.
If this is the case TLS could buyback about $1.375 billion in shares and pocket around 350 basis points of differential between the rates they pay on debt as opposed to the dividend payout.
Seems absurd not to be doing this if they could.
Perhaps they can't because the NBN deal is still secret and would be market sensitive and therefore rule out any trading in thier securities until the market has this infromation.
Really does just baffle me as to why they aren't buying back the shares when it equates to free money.
- Forums
- ASX - By Stock
- TLS
- funds selling
funds selling, page-22
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.87 |
Change
-0.015(0.39%) |
Mkt cap ! $44.71B |
Open | High | Low | Value | Volume |
$3.89 | $3.90 | $3.85 | $25.74M | 6.644M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 53730 | $3.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.87 | 309458 | 42 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
80 | 495028 | 3.850 |
35 | 498974 | 3.840 |
47 | 440418 | 3.830 |
46 | 317711 | 3.820 |
48 | 239069 | 3.810 |
Price($) | Vol. | No. |
---|---|---|
3.860 | 168298 | 20 |
3.870 | 294274 | 43 |
3.880 | 496896 | 29 |
3.890 | 776170 | 36 |
3.900 | 586149 | 85 |
Last trade - 14.23pm 10/10/2024 (20 minute delay) ? |
Featured News
TLS (ASX) Chart |
The Watchlist
EL8
ELEVATE URANIUM LTD
Murray Hill, MD & CEO
Murray Hill
MD & CEO
SPONSORED BY The Market Online