it is the company re-investing the proceeds of the sale of their NSW clinics i believe. what does it mean for shareholders? well it provides a steady price floor around these levels, (ie the share price is not going to drop significantly while the share buy back is on-going). Eventually it will mean that there are 6% fewer shares on issue so holders will own more of the company (ie future returns should be higher per share).
Share buy back, page-2
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Last
30.0¢ |
Change
0.005(1.69%) |
Mkt cap ! $319.8M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.8¢ | $687.5K | 2.300M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 113389 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 15460 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| CAJ (ASX) Chart |