I would argue that buying back their shares is reinvesting back in their company. They see these prices as an opportunity to reduce dilution, see the company as cheap, and see it as the best way to utilise their money at this point in time.
Ann: Update - Notification of buy-back - CTD, page-3
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Last
$12.73 |
Change
-0.200(1.55%) |
Mkt cap ! $1.899B | |||
| Open | High | Low | Value | Volume |
| $12.98 | $13.01 | $12.73 | $3.394M | 263.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $12.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.74 | 1107 | 20 |
View Market Depth
| Last trade - 12.44pm 20/08/2024 (20 minute delay) ? |
| CTD (ASX) Chart |