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Aurizon Holdings (ASX:AZJ) Valuation Check After Buy-Back And Lapsed Performance Rights
Why Aurizon’s latest buy-back and lapsed performance rights matter
Aurizon Holdings (ASX:AZJ) has cancelled more than 36 million ordinary shares through an on-market buy-back, while a separate 212,819 performance rights have lapsed unvested, together trimming both current and potential future equity on issue.
See our latest analysis for Aurizon Holdings.
The buy-back and lapsed performance rights come after a steady 90-day share price return of 7.76% and a 1-year total shareholder return of...