Whether or not the company goes ahead and spends a whole heap of cash on it is another matter.
- hmmm, tend to disagree. I think management should start 'talking about'
a buy back. Once company announces a scheme, it is under no obligation to follow through and actually buy shares on market. The mere statement of intent will put the cautionaries on the shorting crowd.
Buy backs are good when
- the share price is low,
- and usually rising,
- when there is spare cash,
- and when there are too many shares on issue.
We qualify for 3 out of 4.
On the other hand, we don't obviously know everything management knows, and there could be a very specific investment target on the Mac Bank shortlist, by now, that has clarified including overall financial picture. But if there is not - by now, then i am in favor of a (limited) buy back.
James Hardie have been going for it for some time, and seems to be working for them.
- Forums
- ASX - By Stock
- When will there be a buyback?
hmmm, tend to disagree. I think management should start 'talking...
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Last
$2.89 |
Change
0.000(0.00%) |
Mkt cap ! $8.699B |
Open | High | Low | Value | Volume |
$2.90 | $3.03 | $2.84 | $130.7M | 44.92M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 352029 | $2.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.90 | 5945 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 352029 | 2.880 |
9 | 364344 | 2.870 |
21 | 120939 | 2.860 |
28 | 213349 | 2.850 |
51 | 346925 | 2.840 |
Price($) | Vol. | No. |
---|---|---|
2.900 | 5945 | 3 |
2.910 | 5120 | 2 |
2.920 | 494940 | 24 |
2.930 | 224094 | 8 |
2.940 | 173074 | 9 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
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