ASX:ANNMedical Equipment
Ansell’s Share Cancellation Prompts Fresh Look At Valuation And Shareholder Value Potential
Why Ansell’s latest share cancellation matters for investors
Ansell (ASX:ANN) has cancelled around 1.03 million ordinary shares as part of its on-market buyback. This is a capital management move aimed at reducing the number of shares on issue and potentially increasing earnings per share.
See our latest analysis for Ansell.
At a share price of A$28.77, Ansell’s recent 90 day share price return of a 15.01% decline and year to date weakness contrast with a slightly positive 1 year total...