if it really want better liquidity ., I think a share split might be an better option
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if it really want better liquidity ., I think a share split might be an better option
Good morning noodles and all,
I tend to think you might be right, but not having imps doesnt preclude an increased dividend if not "Special". I have expressed my dislike of buy backs that seem to be trendy in the NZ market. Why let any company board decide how to use surplus capital, at least without a current owners/shareholders endorsement. I prefer to use excess to my best advantage, which tends to be more efficient.
Comments?
Regards
-dodgy (owner/shareholder - expectant of an exchange rate driven mini boom - tourism)
Morning Dodgy, I owned some Apple shares for a while. The stock benefited enormously from their massive buy back.
Less shares on issue.
Less dividends to pay out etc etc.
I'm not an accountant and don't understand all the ins and outs....but there was a lot of discussion on why buying back stock was a very efficient way to return value to the share holder. If you want some more detail...PM me and I will try to dig out some of the relevant discussion. I was initially in your camp, but that may be to simplistic of a way to consider it.
Cheers
RTM
record tourist numbers
Good afternoon RTM
I agree with what your are saying but this must be taken in the context of the huge US market, extremely liquid stocks, well supported generally on fantastic growth paths. My experience with NZ stocks continues to prove my argument e.g watch NZO and TWR. Sure there are different drivers e.g Oil price etc. but all the relevant contributing factors were anticipated or known when management and directors endorsed returns (tax efficiency or otherwise). Hence in NZ at least I am vehemently apposed to capital returns - good article for Gaynor here.
I am more than happy to be proved wrong.
Regards
-dodgy
bought some more today ..happy to accumulated
Wow gc, you should at least be a honorary director on THL board...:)
confident crack 2 dollar this time..