PS - 10% buyback needs just over $50m. Easy
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PS - 10% buyback needs just over $50m. Easy
On a more micro note, looks like the big sellers at $1.15 have stopped, I expect a nice lift over the coming week(s)
Yes do that to get an idea and a better understanding. It's all about financial engineering and capital efficiencies which also creates the illusion of greater wealth for shareholders. Main purpose though is probably to get management a bigger bonus
But never never read this
http://hussman.net/wmc/wmc150817.htm
https://nzx.com/companies/HNZ/announcements/268573 Commentary on Share buy-back and positive effect on EPS is included in the results presentation.
I just love this chart from the presentation
About $39m of the total expenses are people costs. They did go up $4m from the year before but I presume they inherited some Seniors people and probably gave everybody a pay rise as well.
What the chart says is that our employees are coping very well with all that growth in loans - good on them for achieving a bit more. Couldn't have been working at full capacity in the past if they can do this.
Keep at guys and gals - we want you to be busier still, so keep working your butts off.
Means a fair chunk of the additional income falls through to our pockets as shareholders - isn't that how its meant to work
That line will continue to fall - yippee
And as a bonus we get to save what we paid Michael
Saves a cool million bucks from memory doesn't it mate ?