There are two opinions how shareholders react….some argue extra...

There are two opinions how shareholders react….some argue extra dividends or distributions will attract more shareholders.

The way SUN has gone about it, still achieves a reduction of shares on issue.
That was one of the arguments put forward by many posters who were against a return of capital, that shareholders who don’t participate in the buybacks will still gain through less shares on issue,

What SUN is doing is increasing the future share of the pie and at the same time reducing the number of shares on issue.

Like I mentioned in a previous post, in whose pocket did most of the billion dollars of excess fund end up with?
I would hazard a guess that most of billion dollars ended up in the hands of 6 - 8% of eligible shareholders.

Look at 2023 shareholding data, over 230 thousand shareholders had 1000 shares or less.- during a time of cost of living pressures.
If u include holders with less than 5000 shares that increase shareholders to around 400 thousand out of about 440 thousand shareholders.

In another post, I posted a picture of a news paper clipping, hinting that dividends would assist with cost of living pressures.

If u agree what AMP board has done, u must be traders, large shareholder or a representing of an institution.

The action of the AMP board amounts to simply catering for the tax positions of the institutions and larger shareholders.

When the board uses the deceiving mantra, about best practices relating to buybacks.
It really means stuff the majority of shareholders; we will do whatever we can to assist the institutions to minimise their tax obligations
The time period that is normally involved with buybacks for large holders is actually an asset for them, giving them ample time to rearrange their shareholdings