jon, I don't think the MD is buying for a quick 50 to 100% profit that would result from a buyback. Ross is in it for the long term. When SNX starts paying dividends he might sell some then but he is not in the same shoes of a trader that would benefit from a buyback. Rivkin IMO wants his members to make a quick 20 to 50% gain.....that's all. RR is looking for a R of Capital.
Of course the stock price will reflect the fundamentals in the long term. The MD has repeatedly said SNX is moving toward profitability. The Baltimore buy was a great move and IMO we will see the benefits this year. The government is and will be a big buyer of IT security and with SNX solid ties with it I see big things for SNX in the next couple of years....good luck. I hold
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Last
4.4¢ |
Change
0.001(2.33%) |
Mkt cap ! $5.410M |
Open | High | Low | Value | Volume |
4.5¢ | 4.7¢ | 4.4¢ | $49.35K | 1.100M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 17720 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.042 |
2 | 157609 | 0.040 |
1 | 100000 | 0.035 |
1 | 150000 | 0.034 |
1 | 93780 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 17720 | 1 |
0.047 | 42264 | 2 |
0.051 | 37447 | 1 |
0.057 | 105556 | 2 |
0.060 | 11000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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SNX (ASX) Chart |