Cheers. Your graph shows less than 4% shorted? I googled <heavy...

First 997 Last

Share
Profile

Follow
Tera

872 Posts.

46

15/08/24

16:54

Post #: 75224947
Share

Originally posted by human909: ↑

Yeah the silence on dividend is starting to get deafening. Given the silence it would surprise me if they decide against it and in favour of a buy-back.

I don't believe they would remove the dividend without having put into action their share buy back scheme. For ~~three four~~ reasons:
1. That would directly contradict Justin's recent comments about returning cash to shareholders.
2. Removing the dividend without action on the buyback would be a recipe for a SP slide. The optics don't look good even if it makes financial sense.
3. Removing the dividend and spending the money on buybacks is a more useful use of capital IF management believes the current price is significantly below fair value.
4. Without franking credits the rationale for a dividend over a buy back becomes less strong. They might actually come out with a statement regarding choosing buy-backs over dividends.

I'll also note that everyday this week at market close has had significant buy volume of between 0.5mil and 1mil shares. It wouldn't surprise me if this is the buy back in action. Meanwhile the short have been busy again.... Read into that what you will.

For what it is worth I bought up more last week. I'm still heavily NIC exposed, buy I have faith.

Expand

Cheers. Your graph shows less than 4% shorted? I googled <heavy short percentage> and this came up first:
"Short interest as a percentage of float below 10% indicates strong positive sentiment. Short interest as a percentage of float above 10% is fairly high, indicating significant pessimistic sentiment. Short interest as a percentage of floatabove 20% is extremely high."

Last edited by Tera: 15/08/24

NIC Price at posting: 79.0¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD