I think they would have to be thinking about it.
But with that being said, the bank balance isn't $3b anymore. They have to pay the $773m tax bill from last year this month, and have over $500m to pay in capital and project expenditure over the next 6 months to keep everything on track - so they would be very conscious of outlaying additional funds for a buyback.
I don't mind the idea of announcing one just so it's out in the open and noting that there there will be a point in time where they would initiate something. Just because they announce it doesn't mean that they have to actually move forward with it.
When will there be a buyback?, page-2
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Last
$3.02 |
Change
0.080(2.72%) |
Mkt cap ! $9.090B | |||
| Open | High | Low | Value | Volume |
| $3.01 | $3.04 | $2.96 | $59.25M | 19.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 40915 | $3.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.02 | 318781 | 14 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |