Exactly right! Overpaying in the buy-back is just transferring value from the existing shareholders to the exiting shareholders. It simply destroys value for the remaining holders.
Ann: FY2019 Earnings Guidance, page-9
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Last
49.0¢ |
Change
-0.010(2.00%) |
Mkt cap ! $37.35M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 49.5¢ | 49.0¢ | $9.095K | 18.54K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3545 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 11473 | 2 |
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| Last trade - 14.40pm 19/07/2024 (20 minute delay) ? |
| ADA (ASX) Chart |