AZZ 0.00% $7.50 antares energy limited

nice volume but manipulated, page-15

  1. 1,160 Posts.
    given that the last 5 days trading has been around 40c then starting monday the maximum buy back price will be 42c(being 40cX1.05)..therefore if the company has a desire for the sp to keep rising they can sit in the market with a buy bid of 42c

    but if there are shareholders willing to sell out for less than 42c than they might as well buy them at the lower price

    As such over the next ,say,2 weeks the sp should gradually rise and by about say 10 january should be closer to 50c(unless the sellers keep dumping the stock .in which case the buy back can continue at a lower price)
    The risk to sellers is that any announcement that is viewed positively will cause a spike in the sp and the allowed maximum buy back will jump again which will allow the company to increase the floor on which they wish to establish
    patience is what is required if you have a long term view on AZz
 
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Currently unlisted public company.

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