What is the reasons for having BB when ur a using borrowed funds to buy a stake in another company?
To me ur redirecting excess funds to the wrong area. They could have given us a bigger dividend in stead of gambling these funds on a BB.
It also arouses suspicion that the BB starts just before an AGM - 14 Sept 22 and notice of upcoming AGM 10 Oct 22.
How do we know if they are paying excessive price for a repurchase of shares?
Reasons for the Buyback.
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Last
$17.09 |
Change
-0.150(0.87%) |
Mkt cap ! $1.075B | |||
| Open | High | Low | Value | Volume |
| $17.00 | $17.44 | $17.00 | $4.344M | 253.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2768 | $17.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.11 | 389 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| JIN (ASX) Chart |