A2M 0.00% $6.85 the a2 milk company limited

Share buy-back

  1. 1,033 Posts.
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    I have no idea why our management would have the idea to buy back shares, given the current PE appx 40x of earning-No one would say its undervalued. Debt cost is about 4-5%, and capital cost is zero, buying back share at this price is just simply destroy shareholders` value. Ideas?
 
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$6.88 $6.90 $6.78 $7.886M 1.152M

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No. Vol. Price($)
2 9718 $6.84
 

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Price($) Vol. No.
$6.85 6515 3
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Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
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