Hi Oracle,
Trying to work out what has just happened... do you agree with this:
Myer Family Office Ltd just sold 5.2 million shares (9.25% of MVP) i.e. their entire holding.
MVP, through the buyback programme, bought 4.8 million of these for 17c (8.52% of total share capital)
Director bought a few (87,000) and the rest may have been bought by others / insiders and are yet to be disclosed (if required to).
Thus, in one transaction MVP has reduced total share capital by 8.52% and thus improved the PE ratio, etc for all shareholders, tightened up the liquidity of shares even more, used a chunk of their free cash flow to do it...
Does this sound right??? What do you reckon - good or bad for us holders?? Cheers John
buy-back, page-7
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Last
42.0¢ |
Change
-0.052(11.0%) |
Mkt cap ! $34.52M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 44.5¢ | 38.5¢ | $31.60K | 79.60K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 416 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 11534 | 2 |
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| Last trade - 11.06am 30/07/2024 (20 minute delay) ? |
| MVP (ASX) Chart |