Anglo
I dont know whether its the billion shares or the Market cap.
I know funds have rules like x amount /%in market caps above $100m x amount /%in market caps above $300m etc.
From my observation consolidations dont help , because really they're calling the same situation by a different name. It like sleight of hand.
I think Oel should have a budget to take advantage of drops in the SP like now and buy some back and cancel them. bHP has done this over quite a long period.
Something like a Forward budget $20m or so with the intention to buy back 150 million shares over 2 or 3 years when the SP dips or is down , would be a reasonable plan. If the SP is going up well over a period then never mind.
C
Ann: Investor Presentation , page-40
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $27.33K | 2.278M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 10310048 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 14475514 | 20 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| OEL (ASX) Chart |