It's hard for me to make this simpler......if they had $25.7M sitting in bank account available for buy-back the share price WOULD NOT STILL be around $1.50. Once we start to see positive operating cash flow the buy back will have limited impact.
This is BASIC MARKET 101 stuff. You can't have your cake and eat it here as the market looks forward NOT BACKWARDS.
Putting aside the obvious market dynamic, how long do you think it would take to buy back 10M shares ??????
If you think through it properly you will understand the buy-back won't see any material impact on SOI. Its at best a market signal which I'm fine with also.
Webinair, page-54
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Last
$1.40 |
Change
0.045(3.32%) |
Mkt cap ! $360.8M | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.42 | $1.38 | $900.4K | 644.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8600 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 1313 | 1 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |