Post by
w8asec on Nov 01, 2022 1:36pm
Buying back shares = a quantum leap now
The Debt is all paid.... that was the best return possible for us shareholders.
Thank you management.
The second best return for shareholders is share buybacks over dividend increase in this case as our divy % is quite high at 8.5%
Increasing/giving a divy is nice... but that money is gone from the company, and somewhat lowers the shareprice.
At present buying back shares should result in a higher shareprice and payback to shareholders than increasing the divy...
It's a balancing act .... But a great one for us shareholders
GLTAL
Comment by
JTDOUBLE on Nov 01, 2022 2:02pm
Do not let it run too much..lol..still needed a few more here a soon as after bte finished the report..GL..