Not everyone agrees that buybacks are an efficient use of a company’s capital.
Nine Entertainment Company will cease its share buyback next month after spending more than $220 million over the past two years as part of its capital management program.
Buybacks are typically popular among investors because they lower the number of shares outstanding and thus boost a company’s earnings per share. Nine has invested $305 million in securing the Olympic broadcast rights until, and including, the games in Brisbane in 2032.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why ‘double agent’ Wayne hate is ‘laughable’ as NRL double standard exposed: CrawleyNRL: The NRL 360 panel discuss if Souths interim coach Ben Hornby and incoming coach Wayne Bennett should be talking about the club while Wayne is contracted with the Dolphins.
Read more »
Double, double toil and trouble: Can England, Blues and Rory shake off their curses?The fascination is gruesome, morally dubious but endlessly fascinating. You keep watching, but are you cheering for the competitors or for the curse?
Read more »
Double, double toil and trouble: Can England, Blues and Rory shake off their curses?The fascination is gruesome, morally dubious but endlessly fascinating. You keep watching, but are you cheering for the competitors or for the curse?
Read more »
Double, double toil and trouble: Can England, Blues and Rory shake off their curses?The fascination is gruesome, morally dubious but endlessly fascinating. You keep watching, but are you cheering for the competitors or for the curse?
Read more »
Kaylee McKeown swims her own race – even with a rare Olympics ‘double-double’ in sightBackstroke champion could become first Australian swimmer to defend two Olympic titles even while refusing to focus on medals at Paris 2024
Read more »
High-profile pre-season tours are a double-edged sword for women’s gameClubs can make money from travelling abroad but there are concerns over the environment and players’ wellbeing
Read more »