Share price rising is great for traders who wish to sell in the short term, however if they are spending $30m on buybacks i'd prefer it to be done when the price is $1 & not $1.50 as this gives me greater ownership of the business without me putting in more capital.
Example;
$30m / $1/share = 30m shares bought back or 15% of the company
$30m / $1.5/share = 20m shares bought back or 10% of the company
Therefore I can own 5% more of the business if they purchase at a lower price.
I'm not whinging I was just confused with the timing of the buybacks & now hopefully you can see why.
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- Ann: NZME share buyback to commence on 4 April 2022
Ann: NZME share buyback to commence on 4 April 2022, page-7
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Last
95.0¢ |
Change
0.060(6.74%) |
Mkt cap ! $177.3M |
Open | High | Low | Value | Volume |
88.5¢ | 95.0¢ | 87.0¢ | $98.85K | 108.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 237 | 87.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
95.0¢ | 81075 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 237 | 0.870 |
1 | 3863 | 0.865 |
4 | 17227 | 0.860 |
1 | 1150 | 0.850 |
1 | 18000 | 0.830 |
Price($) | Vol. | No. |
---|---|---|
0.950 | 81075 | 4 |
1.000 | 34836 | 5 |
1.050 | 41700 | 1 |
1.100 | 1100 | 1 |
1.250 | 500 | 1 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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NZM (ASX) Chart |