Topdown is 100% correct...NO DIVIDENDS! Share buybackAs he mentioned starting a dividend will just potentially raise the share price making share buyback more costly! DON'T DO IT!
I'm not saying purposely suppress the price to support a better buyback price but DON'T work against yourself by issuing a dividend.
A dividend just makes share buybacks more expensive!
I wish WCP and others would KILL the dividend (the share prices would drop) and move all the cash from dividends to share buyback...now that would be smart...not that the WCP leader isn't but NO one is thinking this way! Maybe he could be accused of suppressing share price to buyback if he did that...but it is a smart business decision if he doesn't need to go to the capital markets! This is where Nutall doesn't get it...scrap dividends move all money to share buybacks!
As topdown said and it is 100% correct "I would suggest buying back shares before initiating a dividend , the more shares that can be retired before , the more dividend/share will amp up . BTE can make massive strides over the next 12 months and that is where my focus is regarding this one .