I think it will hold around $40 ish whilst the buyback is running. They bought back $25m of shares yesterday and can only afford to do this for another 3-4 days then they max out the buyback. Spending $25m in one day which is 14% of the buyback allowed is very big buying IMO. Someone correct me if I am wrong here. I would have thought if they keep this up and the buyback ends within the next week then early March could see further weakness into the $35-$38 range. At $35 its still a PE of 22/23x FY18 projected earnings so no bargain IMO.
Ann: Half Year 2018 Media Release, page-51
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Last
$29.68 |
Change
-0.110(0.37%) |
Mkt cap ! $2.698B | |||
| Open | High | Low | Value | Volume |
| $29.69 | $30.33 | $29.54 | $14.54M | 487.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30 | $29.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.69 | 549 | 1 |
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| DMP (ASX) Chart |