A great investor said the price would be $2.75 by the time the buyback commences. What gives?
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A great investor said the price would be $2.75 by the time the buyback commences. What gives?
Put my new Skypod in this week to replace Vodaph TV. Picture is much better .
However it keeps going silent and I have to reboot it to get the sound back....
So the benefit to shareholders who don't sell during the buyback is that the total number of shares outstanding is reduced, therefore we stand to get a slightly bigger slice of the dividend pie? Plus hopefully the share price rises reflecting there's now fewer shares in the market?
However this is correct.
“Assuming the full capacity of the buyback is utilised, at the 29 March share price of $2.55, it would be expected to deliver a 3.4% uplift in Earnings Per Share”.
And if the share price is cheaper, they can buy back a higher number of shares. Good for EPS long term. Of course the opposite is also true…..
Tom the CFO didn’t hang around for long
Long enough to get a farewell hug and cuddle from Sophie
https://announcements.nzx.com/detail/409429
Looks like the chairman sees value at about $2.55 per share - 100,000 shares for a cool $255,120 on market...
http://nzx-prod-s7fsd7f98s.s3-websit...577/392203.pdf
Whether you rate the chairman or not, him increasing his holding with a not-insignificant purchase is a great signal in my mind.