If the aim is to maintain the value of the share price at a certain perceived price determined by BOD….that is the normal justification for a BB!
I’m sure there is acwiz kid who can come up with a graph that displays whether it was the coal price or the amount of BB that held the stock price stable.
I’m of the the opinion that the board is indifferent to the majority of shareholders and simply cater for the institutions for them to be able to trade on the illusionary price set by BB.
The majority of M & D hold for the longer term like myself….it simply acts as a paper profit for a set period and is illusionary!
HY23 Dividend Predictions for 16th Feb?, page-82
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Last
$6.86 |
Change
-0.070(1.01%) |
Mkt cap ! $5.739B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.02 | $6.80 | $39.73M | 5.777M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $6.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.88 | 8721 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WHC (ASX) Chart |