Only limited uninformed opinion and thoughts here but...
- yes good they are still buying back and lifted their cap.
- I don't know how high it will go but clearly the share price (SP) is underpinned by their buy back. So they are effectively valuing their company.
- That rumor that said they might sell to a super fund or that RBC might and the other three - Investors Mutual and National and JPMorgan might sell for over $5 - maybe it's more now with the rosier outlook.
- I doubt that this dividend will change what price they buy back shares but I wonder if all the share currently changed are essentially one of the big ?3 share holders slowly Investors Mutual who held 10.16% is slowly selling on the market back to ENE. They had 9.9m and sold down to 9.1m (according the the last change in substantial holdings 24/7/13) - dropping below 10%.
One of the Candian Pension funds said $5.50 PEP was rumored in the AFR last year to want Mid $6... Would all this change based on how it's going now?
takeover rumour, page-34
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Last
$1.60 |
Change
-0.040(2.44%) |
Mkt cap ! $178.3M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.60 | $1.47 | $105.7K | 67.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 2500 | 1 |
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| Last trade - 11.06am 25/07/2024 (20 minute delay) ? |
| SKS (ASX) Chart |