RE: Buybacks10 Aug 2018 12:58
One Step, good explanation but not fully accurate.You deal with the figures not the sentiment.
2+2 =4 a given, but also equals 5-1 and 3+1 etc.,
Our buyback went against the promise of paying best dividend to the faithful shareholders, it is also hiding annual share printing for staff and inflated Director payouts.
One size buybacks does not fit all,some Companies engage them to strength the Balance Sheet for future expansion when applicable.Our BoD only see expansion as their waistline,they are devoid of any ideas.
They should have kept their word to do right by LTH`s and allow people to use the dividend as they so wished.Many would have reinvested anyway.Smoke and mirrors do not fool the people here.
I wish you well.