unlike many companies that buy at overvalued SP to boost exec remuneration, i dont think that applies here.
Some examples - Westpac raised capital and simultaneously paid a dividend. NAB raised equity at 14, and did a share buyback at 28. ANZ raised equity at 18 now, and did a buyback at 27. Qantas did a share buyback at 5.50/6 and raised at 3.50 etc
While the share price is "high", the company couldnt do a buyback at $1, because they were in debt and not much profit. Now they are debt free, and trading on a PE of 1-2x. Does it make sense to buyback shares if you are trading at 1-2x earnings? I think so. Does it make sense to do a buyback at 18 - 20x earnings? no..
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Last
$5.64 |
Change
-0.090(1.57%) |
Mkt cap ! $4.718B |
Open | High | Low | Value | Volume |
$5.77 | $5.79 | $5.53 | $54.42M | 9.677M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3997 | $5.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.64 | 20079 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3997 | 5.620 |
6 | 64132 | 5.610 |
6 | 123500 | 5.600 |
3 | 98698 | 5.590 |
4 | 82424 | 5.580 |
Price($) | Vol. | No. |
---|---|---|
5.640 | 20079 | 2 |
5.660 | 51996 | 2 |
5.670 | 58648 | 5 |
5.680 | 118350 | 2 |
5.690 | 67426 | 3 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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