Regarding the "Special dividend" yes I agree.
Seems to me that the on market buyback is going to take way too long, can't have a lazy $2bil in cash sitting on the balance sheet (plus franking) for 12months, while also generating $1.5bil in free cash every quarter. The money will simply never be paid out in time.
Given the increase in buyback was voted in at the same time Labor changed the rules regarding off market buy backs, I think there is a very real chance the half year dividend is much larger than the market may be anticipating. There is no reason that the buyback can't continue in the future, but given the insane free cash generation right now, the dividend can be upped while still supporting the BB program.
Target $18.72, page-3395
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Last
$7.10 |
Change
-0.550(7.19%) |
Mkt cap ! $5.939B | |||
| Open | High | Low | Value | Volume |
| $7.39 | $7.41 | $7.03 | $98.40M | 13.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 32869 | $7.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.12 | 82886 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |