I don't want to give up 4 quarterly divvies. I bought in for the 15% return each quarter (plus the franking credits) and i've topped up both times come ex date. If it came down to a buy back or investment elsewhere, i'd favour the latter (assuming it was a sound investment).
I think one of the benefits of quarterly divvies is that we will get early warning of a shift to potential/ongoing returns.
There are rules regarding buybacks and to buy back half the SOI would take at least a year, who knows where the price of coal will be then?. NST (obviously not coal) have an on market buyback that is active for 12 months.
Make hay ... i say.
https://www.asx.com.au/documents/rules/Chapter07.pdf
https://www.companysecretary.com.au/board_briefings/ShareBuy_Market.pdf
Just in my opinion
Perdy
Share Buy Back, page-22
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21.5¢ |
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Mkt cap ! $172.2M | |||
| Open | High | Low | Value | Volume |
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