Buyback Quotes
We are pleased with the Bank's results for the first half of 2005 as we had positive contributions from many areas. Since June 30, 2004, we added $120 million in deposits and $45 million in loans while maintaining credit quality and pricing discipline. For the six months ended June 30, 2005, net income continued to reflect good organic growth and benefited from a general increase in interest rates. In the first quarter of 2005, the bank raised its per-share dividend 5.89% from $17 per-share to $18 per share. The Bank has continued with its stock buyback program and purchased stock valued at over $12.2 million during the six month period ended June 30, 2005.
- Kenneth Walker
This uncertainty about what Microsoft is going to do with the cash has been hanging over the stock for a couple of years. A buyback would be a signal that management is optimistic with the price of its own stock.
- Adam Adelman
This buyback would further improve the country's creditworthiness.
- Vitali Meschoulam
There are some very good measures in there, both for the equity investors and the bondholders. The share buyback and the (phone lines) income trust are much bigger than what I was expecting. They had to reduce their debt, and they are going to do that.
- Zaheer Khan
The year 2005 was very productive with significant accomplishments. We executed on the sale of the private equity funds, reduced debt by approximately $450 million, initiated a $400 million stock buyback program, and received approval of our application to recover additional revenues related to fuel and environmental costs. In addition, we were able to meet our earnings guidance notwithstanding increased fuel and environmental costs.
- Jim Mahoney
The size of the buybacks and the relatively low percentage that is being reinvested in the industry would tend to indicate that oil companies don't have enough new upstream opportunities and projects to spend their money on.
- Neil McMahon
The results are fine. The issue is they are not telling us anything we don't already know ... we had a share buyback from Royal Bank, we had a cost efficiency program from Lloyds, but nothing new from HBOS.
- James Leal
The global outlook is OK, so that suggests that the earnings (growth) will still be there, and as long as they are, people take the view that the wherewithal for dividend growth and share buybacks will be there.
- Mike Lenhoff
The concern is there'll be less capital investment and fewer buybacks.
- Stuart Fraser
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