Privatisation not on the agenda at this time. Ken Hansen's call anyway.
Buyback to stabalise and support share price. (Which it is doing.) (Pointed out volume/amount was too little to support a Privatisation by stealth.) Proper use of funds which are only getting 3 to 4 percent now compared to 7 to 10% on dividends.
Reaffirmed no change in guidance. (EPS 4c last year, ? this year, 50% extra revenue?, EPS 6c ???) ------ Doesn't look like liquidity problem has a solution, except onward and upward fully franked divs, then who cares.
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I have a vested interest in promoting HSN
HSN Price at posting:
40.0¢ Sentiment: LT Buy Disclosure: Held
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