Well only management know the terms but its safe to say if the us and australian governments have to borrow at circa 3% then dmp interest rate will b3 significantly higher....also when a companion buys back its shares it doesnt get to keep them.....they get purged and the company just has less shares.
A share buy back only makes sense to shareholders if the shares are trading below their intrinsic value.......this calculation is never a clear thing . Personally i believe dmp intrinsic value is significantly below the current price but i am sure others have an intrinsic value higher than current prices. .......time will tell who is right but reminds me of when charlie munger was asked why he was a better investor than others and he replied my guess are better than others.......he was referring to guesses about the future performance of the business
Ann: Response to ASX, page-32
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Last
$33.15 |
Change
0.460(1.41%) |
Mkt cap ! $2.865B | |||
| Open | High | Low | Value | Volume |
| $32.85 | $33.53 | $32.80 | $12.31M | 370.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 871 | $33.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.15 | 451 | 2 |
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| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| DMP (ASX) Chart |
