Because they're buying back 10% of the shares on issue which is a very big portion and should increase the value of each share as well as propping up the SP.
Ann: Notification of buy-back - PME, page-3
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Last
$134.93 |
Change
-0.460(0.34%) |
Mkt cap ! $13.87B | |||
| Open | High | Low | Value | Volume |
| $135.12 | $135.59 | $132.43 | $7.333M | 54.80K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 44 | $134.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $134.93 | 14 | 3 |
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| Last trade - 13.02pm 26/07/2024 (20 minute delay) ? |
| PME (ASX) Chart |