yeah, exact quote:
"The Board considers that the Company’s current share price does not accurately reflect the underlying value of the Company’s assets and growth prospects, amidst a global gaming market that has experienced enormous expansion during recent times, and the Share Buy-Back represents an opportunity to add value to the remaining shares on issue. ... The Company proposes to instruct its broker, Taylor Collison, to take a position in the market only where the position maximises the benefits of the Share Buy-Back to the Company."
interesting weeks ahead leading into the 4C; & if a positive announcement drops in the interim (like CS hitting $1M) i think SP will be +10 cents again.
also i think management sees fair value of +14 cents, because $0.14 is the 9 December 2020 CR price that raised the $10M~, which is the cash being used in this buyback. (the CR included attaching options with $0.22 strike price; so +22 cents i think will be the next target)
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Ann: On Market Share Buy-Back, page-126
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Last
2.4¢ |
Change
0.001(4.35%) |
Mkt cap ! $30.72M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.4¢ | $1.272K | 53K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1519334 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1519334 | 0.022 |
7 | 778582 | 0.021 |
6 | 337100 | 0.020 |
1 | 50000 | 0.019 |
5 | 451055 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 100000 | 1 |
0.024 | 463542 | 5 |
0.025 | 252228 | 3 |
0.027 | 39960 | 1 |
0.028 | 806000 | 1 |
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