i'm quite sure the general directive to the broker is "buy up to 135m shares over the next 12 months"; nothing more, nothing less, because ICI can't give them an edge, provide the broker with "tips" aka insider information/instructions on timing the market to get the cheapest shares. there's a body of rules & regulations that govern how SBBs work; like what the broker's budget is, type of buy-back, how much they can buy per day/etc as well as price. there aren't other instructions from ICI like when to start & stop buying because that would defeat the purpose of appointing/paying a broker in the first place; it's the broker's job to monitor the market, as a third-party, to determine how to achieve the best outcome for the company/shareholders, which is to buy as many shares paying as little as possible for them, & eliminating conflicts of interest as their position is neutral, having the same information as the market
i know SBB is very complicated to comprehend @crazydave1942 is proof of that
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.89M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.0¢ | $1.93K | 91.95K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 218292 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 62623 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 168292 | 0.020 |
4 | 234998 | 0.018 |
4 | 885294 | 0.017 |
4 | 1308000 | 0.016 |
4 | 1083024 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 62623 | 1 |
0.024 | 228188 | 1 |
0.025 | 299999 | 1 |
0.027 | 61209 | 1 |
0.028 | 30000 | 1 |
Last trade - 15.44pm 16/08/2024 (20 minute delay) ? |
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