"I tried to contact them and no reply. This smells fishy! Push the price down while major shareholders grab more of the distributed money -The only logical reason I see."
What is happening is the company buying back shares at a time when the market is low, and when the company holds surplus funds.
As for the final distribution, whenever that occurs, all shareholders at that time would share in the distribution, not just major shareholders.
Ann: Update - Notification of buy-back - FAR, page-5
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Last
49.8¢ |
Change
0.008(1.53%) |
Mkt cap ! $45.97M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 49.5¢ | $30.11K | 60.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26546 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 16813 | 1 |
View Market Depth
| Last trade - 15.43pm 05/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |