From todays release
Capital management The Sigma Board confirmed its intention to continue to pay a high proportion of profits as franked dividends. The capacity to do this will also be enhanced by the return of the funds currently supporting MC/CW’s trading terms. Effective capital management remains a focus of the Board, including supporting the existing share buyback program subject to our commitments in maintaining our ongoing investment program.
Okay maybe the entire $300m will not flow through but I am guessing a sizeable portion will. I do not recall the exact comments made by the CEO on the teleconference, hopefully there will be a transcript release?
From todays release Capital management The Sigma Board confirmed...
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$2.78 |
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Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $2.74 | $2.93 | $2.74 | $37.80M | 13.25M |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 167207 | $2.77 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.79 | 246261 | 9 |
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