My understanding is that the main reason CMI wants to go down this route is to try to utilise its tax losses which are capital in nature. I agree with joewolf that this creates too much risk and is not what most of us signed up to !
If you believe that the company is undervalued at the current price, don't sell into the buyback.
Ann: Change of Business, Prospectus, EGM Notice, Share Buy-Back, page-26
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Last
$3.21 |
Change
-0.090(2.73%) |
Mkt cap ! $93.07M | |||
| Open | High | Low | Value | Volume |
| $3.21 | $3.21 | $3.21 | $5.601K | 1.745K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6988 | $3.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.35 | 679 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| ECL (ASX) Chart |