Priority for spare cash flow as follows-
1/ Pay down debt.
2/ Look to grow the business where cost effective.
3/ Reward Shareholders but without going overboard
4/ Buybacks ( they are not evil as they reduce the shares held and shareholders will see better share price and dividends long term)
And the first two are interchangeable, because sometimes a project to grow the business makes so much sense financially that it outweighs the benefit cost wise of paying down debt and reducing interest burden.
Christopher
Market Talk, page-52
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Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $594.0M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 22.0¢ | $409.4K | 1.826M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 136022 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 87266 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |