management & the co's broker would know true value of the company & its future cashflow requirements better than anyone else; therefore anytime they're buying on-market it's because SP is undervalued, & they're convinced a good ROI will be achieved for SH.
based on recent CR, sophs & instos saw value at 14¢; therefore buying in this lull @ 7¢ could literally return 100% in the future:
seems low risk investment from their position to have this buyback option, as they have all the information Infront of them, & cash in bank would only earn around 1%
win-win imo. & this isn't a move to stabilise SP, i think it's all about providing SH with ROI
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Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $29.58M |
Open | High | Low | Value | Volume |
2.1¢ | 2.3¢ | 2.1¢ | $16.14K | 723.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 139025 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 139025 | 0.022 |
3 | 224417 | 0.021 |
11 | 1008333 | 0.020 |
2 | 578946 | 0.019 |
3 | 304000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 100000 | 1 |
0.024 | 15000 | 1 |
0.025 | 299999 | 1 |
0.027 | 90145 | 2 |
0.028 | 35642 | 1 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
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