Correct me if I'm wrong but as at June 30 AFL had around $3m in cash (or equivalent)? Even if they burned it all on buy-back it's unlikely to get the price back above 30c in the absence of some material change in management direction. Seems a little knee-jerk in response to negative investor sentiment. We'll see. I'd rather see some acknowledgement of the issues raised around remuneration and underlying fundamentals.
Ann: Notification of buy-back - AFL, page-3
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.32M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 179000 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 33986 | 2 |
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