Aurizon's Upsized Share Buyback a 'Positive Surprise' -- Market Talk

Dow Jones11-13 07:19

2318 GMT - Aurizon Holdings's upsized share buyback surprises Macquarie. Aurizon yesterday said it would extend its A$150 million buyback by another A$100 million, noting the decision was supported by solid free cashflow in FY 2025 so far. That cashflow includes net proceeds from the settlement of a lawsuit. As a result, Macquarie considers the additional buyback, while positive, to be a one off. It retains a neutral call on Aurizon's stock. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 12, 2024 18:19 ET (23:19 GMT)

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Aurizon yesterday said it would extend its A$150 million buyback by another A$100 million, noting the decision was supported by...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7140","symbol_name":"铁路","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483062874","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483062874","pubTimestamp":1731453540,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2318 GMT - Aurizon Holdings's upsized share buyback surprises Macquarie. 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