Hey folks, have seen a few comments about the buy-back (BB) that I think is worth clearing up.
On-market BBs have strong regulations due to insider trading & market manipulation laws. As such, they are highly structured & automated using specific computer algos designed to target ~10% of daily liquidity at VWAP. This is to prevent companies manipulating SPs around time-sensitive events to achieve director performance bonuses etc.
Unfortunately, there is no BB boy sitting at his intern desk eating a burger & manually entering in orders to make use of the SP weakness!
However, the fact it's a high volume red day is definitely a positive for the BB. Cheers.
Target $18.72, page-113
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Last
$7.16 |
Change
0.020(0.28%) |
Mkt cap ! $5.990B | |||
| Open | High | Low | Value | Volume |
| $7.10 | $7.16 | $6.84 | $72.74M | 10.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3922 | $7.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.16 | 2173 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| WHC (ASX) Chart |