Agree,think Trustpower a few years ago
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Share buyback announced for up to 8.9% of issues shares over the next 11 months. Another abject waste of (shareholder) money or a good use of capital - a link to the DRP that may be reintroduced?
From one who would know?
https://www.cnbc.com/2018/08/31/warr...hoo&yptr=yahoo
Presumably only a good use of capital if the company is well capitalized.
IFT have continually had share buybacks approved but only buyback when market has deeply undervalued their share price.
Smart move I would suggest particularly if we are ripe for a sell off in stock prices?
A share buy back approval gives investors some confidence IFT share prce won't drop absurdly.
Where to from here?Well placed
https://www.interest.co.nz/business/...ty-power-those
What do you guys reckon. I'm looking to re-enter IFT but looks like as if they have to stump up more money for TLT so wait a bit? What does TA say?
Back up to 3.465 will be interesting to see how the JV goes, still well over 20% of small parcel shareholders have held out till now...
Maybe a special dividend is on the cards :D