those 100's are likely the same seller or aggreated orders.
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those 100's are likely the same seller or aggreated orders.
The best option but one that managment in most companies dont want to do when cash is full in retained earnings and no debt is best practise might be to go to the owners. YOU!
and let YOU be the judge.
The best option is a non binding VOTE.
another SP over 300 script...
hear the hoot n holler across the trading floor...
would love to know from who...
its looking a rig a dig dig....
one hopes the retail is right...
the retail is at the table...
turn it up , hear the - hoot n holler -
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Its honestly easier getting a straight answer out of my 5 year old than you...
Rawz votes for buyback.
Waltz votes...? he doesnt know. He's like a politician. lets get a committee in to review all the options and comeback to us with a bunch of positives and negatives on each option. then we can discuss it further and put out a report for voters to provide feedback on. then back to the committee to review. once done its then FY24 and the cash pile is now $150m and still no answer.
Increasing the DIV will increase the SP..
Simple . We have stated it many times here.
ergo - there is your answer. Its implied and obvious.
some very sizable off markets trades.. wont take long to end the BB at that rate.
Hurstmere Rd Takapnua branch hit last night. Oh boy
We used to talk about smash hits but that was a different kind.
Trashed shop... photos in the press ...
maybe thats the reason share are being dumped 400 G at a time...
consumer holding though...
https://www.stuff.co.nz/business/130...ding-inches-up
Hey Rawz, I'm not sure I've just have had a look at the historic prices on Yahoo finances and ath was the 11/09/2016 at $1.77. Okay that's within the NZX, but I guess not that far within the ASX.
You're probably right just what I've seen since say 2013 for instance if we look at the retail sector HLG has had periods where went from $3 to $7 (okay we can argue that people need clothes and not jewellery) but still IMHO like happened with WHS (which I sold at a loss) has a very slow move on the price unless there's one-off like covid or similar.
I'm happy to read something different to my opinion because I'm not an expert and I don't have time to become one. However I try to read with an open mind every single post here.
Eliminating a large amount of excess cash via increasing the regular dividend payment would be very unusual and would be obviously unsustainable once the cash pile is drawn down, so I don’t think the market would reward that strategy with a higher share price at all. If anything the share price would be punished and management trashed for choosing the worst of 3 possible ways to return excess cash to shareholders.
Since MHJ is already paying out a high ratio of net income as a regular dividend, then the two ways to return the large amount of excess capital to shareholders is either via a buyback or via a one off special dividend. MHJ chose the buyback route.
If there are actually large shareholders exiting or reducing positions - then better for the buyback to be in operation than the alternative (share price dumping as there would be no demand for the large amount of shares being sold).
how can it possible be paying out a large ratio of retained income...
that doesnt make sense ...
the balance sheet would be out of balance otherwise and a single sided journal entry would be required to bring it back into balance.
That doesnt work... oh dear..
it all looks to be being managed behind the scenes by a master player...
Weekly buyback update:
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