This is such a silly way to look at it. You do a share buy back when you have no use for capital elsewhere, PLS has plenty on its plate, P680/P1000, POSCO, another JV this year and Calix on its plate.
It's run from 14c in 2020 to where we are today, the next year will probably be sideways too as its as per Citi a transitional year where a lot of CAPEX based projects are going, to future expand and unlock further shareholder value. The SP will make further meaningful moves from next year.
In the meantime most LT holders just sit tight, collect the divvies whilst the company gets on with it.
The company is doing everything right. It's not our fault you entered only last year.
You're absolutely clueless if you think it will be stuck for next 5 years.
Good News & Bad News, page-32689
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Last
$3.23 |
Change
0.080(2.54%) |
Mkt cap ! $9.721B | |||
| Open | High | Low | Value | Volume |
| $3.11 | $3.26 | $3.07 | $138.0M | 43.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 247485 | $3.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.23 | 265073 | 5 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |