An on-market share buyback would definitely put a rocket up the SP. A company can implement an on-market buyback program without requiring shareholder approval in certain circumstances that would be executed at the company’s discretion, through on-market purchases from time to time throughout an approved period (up to 10% of its ordinary shares over a 12-months period). Due to the company's strong balance sheet and forecast free cash flow generation this should not be an issue and IMO would be a value accretive capital management initiative that would be reflected in the SP almost immediately.
GLTAH!
PLS chart, page-12633
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |