At today's prices, buyback does not look that attractive to me, if discount happens to be near 14% which it might be. Also, after emptying the kitty of $2b, how can TLS pay increased dividends? I realise the number of shares will shrink, so in the long term increase is possible. As I see it, in the medium term TLS can give us the buyback, or increased dividends, but not both. Don't get me wrong, TLS is a great business, so you can't go too wrong with it.
At today's prices, buyback does not look that attractive to me,...
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Last
$3.58 |
Change
-0.010(0.28%) |
Mkt cap ! $41.36B | |||
| Open | High | Low | Value | Volume |
| $3.58 | $3.61 | $3.57 | $124.7M | 34.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 135 | 818233 | $3.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.59 | 105705 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$3.59 |
Change
-0.010 ( 0.19 %) |
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| Open | High | Low | Volume | ||
| $3.58 | $3.61 | $3.57 | 16328887 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| TLS (ASX) Chart |