Sorry for the cynicism but expecting a shocker of a quarterly now. I suspect this was put in place to cover for what's coming in the short term. The rig sale nicely covers capital requirements for shortfalls in already telegraphed reduced trading revenue & EBITDA this quarter
They've announced & put in place a buy back policy previously & opined that the share price was not reflective of value but I don't recall them ever buying a share. Will be interesting to see whether they actually do anything from mid july & if so in meaningful amounts rather than just token buys which would be worse, undermine confidence in management (again) & in turn hold back the share price going forward for longer
I'd prefer they went to town on the buyback over dividends with a share price below around 48c. Wonder where their buyback limit is at this time....
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Last
39.0¢ |
Change
-0.005(1.27%) |
Mkt cap ! $83.37M |
Open | High | Low | Value | Volume |
39.5¢ | 39.5¢ | 38.5¢ | $313.6K | 804.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 15022 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 3719 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 15022 | 0.385 |
1 | 25000 | 0.380 |
1 | 33066 | 0.375 |
4 | 52500 | 0.370 |
1 | 27000 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 3719 | 2 |
0.395 | 93872 | 3 |
0.400 | 92319 | 8 |
0.410 | 62230 | 3 |
0.415 | 20000 | 1 |
Last trade - 13.03pm 18/09/2024 (20 minute delay) ? |
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