Because the Shares are extremely undervalued. 1 to 2 times earnings currently. If WHC chose to buy back shares with 100% of profits they could buy their entire shareholding back within 2 years. This would create larger returns through capital growth for long-term holders and use up the Franking Credits building on retained earnings.
Long term coal price., page-72
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Last
$7.26 |
Change
0.080(1.11%) |
Mkt cap ! $6.073B | |||
| Open | High | Low | Value | Volume |
| $7.18 | $7.28 | $7.17 | $32.15M | 4.447M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1895 | $7.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.26 | 11000 | 2 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| WHC (ASX) Chart |