With its share price at a six-year high, SA’s largest furniture group Lewis says it has no intention of halting an aggressive share buyback programme, maintaining that the market still undervalues it by 30%.
Lewis, which has low debt and a healthy balance sheet has been buying back shares since 2017, scooping up 12% of its shares in issue in the 2022 financial year to end-March, the most in a single year...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lewis sticks with share buybacks as earnings climbFurniture group increases its dividend 25.9% on posting a healthy set of results
Source: BDliveSA - 🏆 12. / 63 Read more »
Lewis sticks with share buybacks as earnings climbFurniture group increases its dividend 25.9% on posting a healthy set of results
Source: BDliveSA - 🏆 12. / 63 Read more »