I've changed my mind somewhat about the buy-back. Previously I was all for it, less SOI exposed to greater potential from K discovery. Not an overnight benefit but something over time.
Now I'm more indifferent, exposure is only really relevant if you have earnings. That is lower SOI would increase EPS - but will not have EPS for a long while yet. I'm equally indifferent to a dividend, what difference would a one off approx 36c make? We see the SP move that amount in a couple of days.
I would rather they keep the capital for now as a buffer, it would probably have a greater impact on SP seeing cash in the bank when potential investors are looking at the balance sheet and considering taking a stake.
I've changed my mind somewhat about the buy-back. Previously I...
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Last
$1.86 |
Change
-0.020(1.06%) |
Mkt cap ! $1.490B | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.90 | $1.86 | $10.23M | 5.473M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 182248 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$1.88 |
Change
-0.020 ( 0.30 %) |
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| Open | High | Low | Volume | ||
| $1.89 | $1.90 | $1.86 | 1114760 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| KAR (ASX) Chart |