"maximise the number of shares gained for the lowest cost". If they are any good, then yes.
They are not allowed to chase a rising price or be over a certain % of daily trades, but usually can increase buying when share price drops if its a liquid market. Hopefully they buy the dips, but I think these days the buyback manager has a bot running the show. Lets hope that it is programmed correctly. A few years ago I saw a couple of bots fighting it out in an ill-liquid stock driving it up by around 40% before either someone noticed and over-road or one of the algorithms kicked in to stop. Fortunately I had some so was able to sell out.
So much under valued, page-226
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Last
$2.52 |
Change
-0.070(2.70%) |
Mkt cap ! $3.468B | |||
| Open | High | Low | Value | Volume |
| $2.63 | $2.65 | $2.50 | $18.90M | 7.414M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4548 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.53 | 17564 | 4 |
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| Last trade - 16.10pm 16/09/2024 (20 minute delay) ? |
| PRU (ASX) Chart |