RE:RE:RE:RE:buying moreJRafflesUK wrote:
part of the reason of paying an increased dividend is that this is what attracts institutional investors and result in an increased share price.
KL has never been short of cash since the Newmarket / Fostervile mergerand therefore the payment of n increase dividend will not be at the expense of developing its existing mines. Moreover, the increase share price flowing from an increased dividend will enable future aquisitions to be cheaper for cost KL shareholders.
Apart from increased dividends, the buy back of own shares will also enhance EPS.
Dividends are a waste of cash. Buybacks use the MULTPLE to leverage the benefit to the shareholder. Some people just dont get it.
BB