share price would collapse if they announced any thermal acquisition.
Offmarket Buyback is the way to go, especially to start burning the $490m franking credits that would otherwise not be fully utilized. Can you imagine SMSF and pension funds jumping over each other to participate in a [for example]: 20c capital component + $1.54 fully franked dividend + $0.66c franking credit = $2.40 buy back which only costs $1.74 to fund, a number less than the convertible note exercise price? Even 200m shares bought back barely scratches the franking credit balance ($132m reduction). SOL could even participate with those credits passed onto their shareholders.
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Last
$4.48 |
Change
0.030(0.67%) |
Mkt cap ! $3.799B |
Open | High | Low | Value | Volume |
$4.49 | $4.52 | $4.47 | $4.153M | 924.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3068 | $5.37 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.04 | 33160 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 27616 | 4.480 |
31 | 83335 | 4.470 |
17 | 43886 | 4.460 |
15 | 41389 | 4.450 |
11 | 68037 | 4.440 |
Price($) | Vol. | No. |
---|---|---|
4.490 | 38752 | 47 |
4.500 | 67485 | 22 |
4.510 | 71273 | 17 |
4.520 | 18745 | 12 |
4.530 | 18858 | 9 |
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