A bit dramatic to say this but it could be true. While we're speculating, an equally likely reason could be a possible acquisition. It could be that they are carrying out due diligence on a company and want to have cash aside for a buy out so they have temporarily paused the buyback. Barring alternative use of their cash, I agree pausing the buy back at such low prices shows they think these prices are here to stay or they'll get even lower.
However, the fact that Jamie bought a bunch of shares at $16 and CTD had increased their buyback recently from 30k to 50k shares per day shows that it's more likely the pause happened to save money for an acquisition.
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CTD
corporate travel management limited
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0.62%
!
$16.19

Why is this dropping without any news?, page-29
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Last
$16.19 |
Change
0.100(0.62%) |
Mkt cap ! $2.354B |
Open | High | Low | Value | Volume |
$16.12 | $16.24 | $16.08 | $329.2K | 20.38K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 45 | $16.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.20 | 261 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 251 | 16.190 |
4 | 691 | 16.180 |
7 | 1054 | 16.170 |
10 | 1171 | 16.160 |
9 | 1233 | 16.150 |
Price($) | Vol. | No. |
---|---|---|
16.220 | 118 | 2 |
16.230 | 1135 | 6 |
16.240 | 1062 | 5 |
16.250 | 2895 | 5 |
16.260 | 1530 | 4 |
Last trade - 10.28am 07/08/2025 (20 minute delay) ? |
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CTD (ASX) Chart |