My suspicion is closing the buy-back decision was made when Collins St converted their options. Management didn't want to be seen to be buying back shares they had just converted @0.07 for 0.12-0.14, especially given that Collins Street would have benefited yet again from short term profit motive rather than in the interests of long term shareholders.
Given that, I am most pleased Collins have had to settle for 0.125 instead of 0.145 and I rest easy knowing the day to day share price trades (especially immediately pre 30 June) have no impact on my long term view.
Looking forward to the SS, interim though it may be.
Ann: Cleansing Statement, page-110
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $43.01M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 20.0¢ | $25.25K | 126.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 114334 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 2192 | 1 |
View Market Depth
| Last trade - 15.32pm 19/06/2024 (20 minute delay) ? |
| NVA (ASX) Chart |