buyback will move the share price by 20-30% over a couple of months i reckon, but do not expect too much initially.
First - they will want to soak up as much as they can as cheap as they can.
Second - buyback buying has a price cap on any given day equivalent to 105% of the 5 day VWAP.
I have not done the math, but the way things are shaping up i think this means that they will be capped from buying above about $1.00 tomorrow. Should step up over time.
buyers building, page-3
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Last
11.0¢ |
Change
0.016(17.0%) |
Mkt cap ! $10.20M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 11.0¢ | 9.0¢ | $60.93K | 633.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 53003 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 43444 | 3 |
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| Last trade - 15.45pm 15/08/2024 (20 minute delay) ? |
| LLI (ASX) Chart |