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.
Eventually, most people will agree with my view that the BB is...
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Last
$7.69 |
Change
-0.260(3.27%) |
Mkt cap ! $6.433B | |||
| Open | High | Low | Value | Volume |
| $7.93 | $7.93 | $7.68 | $31.13M | 4.018M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 60928 | $7.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 29913 | 2 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| WHC (ASX) Chart |