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I think the buy back was a dividend (99%) and will be partially...

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Allirog2

168 Posts.

03/08/23

16:04

Post #: 69141238
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Originally posted by Truthspeaker: ↑

I don't mind if you wait until the share price is $20 before you sell your shares.

But buying back as many ESOP shares as possible reduces the magnitude of EPS dilution. VGW will continue to issue shares to employees, many of whom may not wish to be long term holders. Standing in the market to buy back shares while they remain undervalued is a smart use of shareholder funds without wasting franking credits.

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I think the buy back was a dividend (99%) and will be partially Franked (so credits used)
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