"The board has duty to distribute excess funds in a safe and even manner to all shareholders.
And the on-market buyback, amounts to the board failing to maximise the return for the majority of shareholders."
1. On-market share buyback results in fewer shares on the market.
2. All other things being equal, fewer shares on the market results in a higher share price.
3. A higher share price benefits all shareholders.
What is it about that you don't comprehend?
What is the aim of the buyback?, page-32
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Last
$1.34 |
Change
0.020(1.52%) |
Mkt cap ! $3.444B | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.35 | $1.33 | $9.441M | 7.052M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 21801 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 11526 | 1 |
View Market Depth
| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| AMP (ASX) Chart |