BUY-BACK
So much talk about dividends. Pay them in a few years. Maybe 6% + 1/7 share bonus.
Currently, a crazy 900 million shares on the registry. It's easy to be concerned when the intra-day SP topped at $9.54 Seems hugely overpriced. It's all crazy!
IMO this current rapid elevation of the SP is due to hope and FOMO. Then when the price retracts, all hell breaks out.
If the SP pulls back, there may be the opportunity for the company to offer a special price to small shareholders to close their holding. (possibly a 2nd offer to shareholders who want to offload some of their holdings).
Depending on the uptake, there could be a good reduction in the quantity of shares out there.
As a strategy to increase the SP and stability into the future, I'd like to see the board approve the buyback of shares.(perhaps February '22)Is the SP too high. I believe so; and in the next few months, I see enough reasons to see it fall.
Basically there's currently too many global issues & uncertainty that can't be dismissed.
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Last
$7.70 |
Change
-0.070(0.90%) |
Mkt cap ! $7.197B |
Open | High | Low | Value | Volume |
$7.63 | $7.72 | $7.57 | $17.44M | 2.316M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 482 | $7.69 |
Sellers (Offers)
Price($) | Vol. | No. |
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$7.70 | 6582 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 10846 | 7.670 |
1 | 10846 | 7.660 |
2 | 50931 | 7.650 |
1 | 13529 | 7.640 |
1 | 8662 | 7.630 |
Price($) | Vol. | No. |
---|---|---|
7.700 | 6582 | 1 |
7.730 | 8599 | 3 |
7.740 | 11135 | 2 |
7.750 | 8135 | 1 |
7.760 | 8135 | 1 |
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