Aye, ultimately a buyback should be only assessed on its merits in the here and now. If Sky’s quoted value is at a significant discount to intrinsic value then that is all that should matter.
Returning capital to shareholders by a less efficient mechanism (i.e a dividend) based on bunk reasoning around a previous CR would be a scandal imo.
Perhaps The Board will disappoint us on this one, but let’s see. As I say, right now they are right to be cautious around any distribution of capital.
But when the time comes, if the SP is still crazy low and they declare a dividend instead of a buyback we will all need to pause and reflect on the ‘Management’ component of our rationale for owning this business.
Share Buyback, page-15
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Last
$2.47 |
Change
0.090(3.78%) |
Mkt cap ! $340.0M | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.47 | $2.34 | $18.00K | 7.506K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2634 | $2.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.47 | 210 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| SKT (ASX) Chart |