Respectfully - strongly disagree.
Cancelling out 10 million shares in a company that is already so tightly held is more or less irrelevant. Once the share price rerates - the company isnt going to be buying back half the registry at $3 or $5.
Dividends are the way to go in my opinion. Use it to buy more shares and increase your holding with it if youd of preferred a buyback - it's somewhat means to the same end.
"why pay a dividend to people who dont want to hold the share" - I certainly want and intend on holding my shares, dividends would only further entice me to continue holding. I'm sure many long term holders would agree.
Nothing personal - we all want different things for our own reasons.
Webinair, page-58
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Last
$1.83 |
Change
-0.050(2.66%) |
Mkt cap ! $470.3M | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.87 | $1.82 | $782.9K | 425.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 2338 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 36 | 4 |
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| Last trade - 15.49pm 21/05/2024 (20 minute delay) ? |
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Last
$1.84 |
Change
-0.050 ( 2.20 %) |
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| Open | High | Low | Volume | ||
| $1.85 | $1.86 | $1.82 | 13351 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| KCN (ASX) Chart |