"How a buyback allows further opportunities and flexibility ( think that they were the words) is a mystery."
makes it easier to raise capital......if needed
but also is a bit of a blocking action against takeovers/buyouts
consider if they paid out the buy-back amount as dividends......and you have a lower market cap with same revenue generating performance.....which would make it a more attractive takeover target
bit hypothetical.....as $20million is not that much of a buy back considering the present MC
Ann: FY22 Full Year Results Investor Presentation, page-5
Add RIC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.25 |
Change
-0.050(2.17%) |
Mkt cap ! $710.6M | |||
| Open | High | Low | Value | Volume |
| $2.28 | $2.29 | $2.23 | $822.7K | 365.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19417 | $2.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.29 | 631 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| RIC (ASX) Chart |