A $40m buy-back is better long-term than handing out $40m to shareholders as a dividend.
At least a $40m buy-back increases EPS (less shares on issue). What long-term benefit does a $40m dividend to shareholders have on the share price in 2 year's time?
If the share price is, say, $8 in 2 year's time, a $40m buy-back at $4.70 is in actual fact a $70m buy-back - 8.5 million shares taken off the register is worth $70m at $8.
A $40m buy-back is better long-term than handing out $40m to...
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Last
$6.72 |
Change
0.000(0.00%) |
Mkt cap ! $4.858B | |||
| Open | High | Low | Value | Volume |
| $6.70 | $6.79 | $6.66 | $12.63M | 1.883M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2017 | $6.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.73 | 34385 | 2 |
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| A2M (ASX) Chart |