Agree 100%.
Its on a PE of 7 so even if profits let’s say decreased 35% next year it’ll still be on a PE of 10 which is still very cheap.
For me I’m happy if they continue the buybacks with all the cash as it’ll increase returns per share and should mean the SP appreciates over time as well. Either that or they buy other quality businesses as well, either or.
Massive fan of BSL but I just hope they restart the buyback, they’ve got $200m to go from the current amount.
Lets hope for a better week this week.
Buyback, page-8
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Last
$20.87 |
Change
-0.080(0.38%) |
Mkt cap ! $9.019B | |||
| Open | High | Low | Value | Volume |
| $20.90 | $21.18 | $20.81 | $22.97M | 1.099M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9649 | $20.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.88 | 4334 | 2 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| BSL (ASX) Chart |
