Eventually, most people will agree with my view that the BB is likely to be a long term failure vs dividends. Even now, everything bought above $8.60 is at a loss and may need $1-2 per share in extra return just to break even.
The BB should only be happening at $5 or less and at higher prices, you return dividends. The returned dividends would get cash off balance sheet and share price would probably get back to $5 where BB make great sense again.
Rinse and repeat until BB justifies $8 due to reduced float of 700m shares on issue.
Target $18.72, page-4059
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Last
$7.65 |
Change
0.020(0.26%) |
Mkt cap ! $6.399B | |||
| Open | High | Low | Value | Volume |
| $7.69 | $7.71 | $7.64 | $24.66M | 3.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 22151 | $7.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.66 | 12306 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WHC (ASX) Chart |