FWIW, the buyback commenced 15/6 and to date 2,183,000 shares have been BB. SP peaked $15.57 on 11/8.
Balance is approx 7.8M to be bought back.
At least MFG can buy back now @ approx $11 or less x 7.8M remaining = $86million.
Had they done the BB @ say $14 average the cost would have been 7.8m remaining x $14 = $109m. ie an extra $23m
They would have known that FUM was going to reduce & now can get in with the remainder 7.8M.
Once this is complete, they may have arranged to have funds to extend another 10M shares BB. (already will have $23m in the kitty)
Ann: Funds Under Management - September 2022, page-25
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Last
$9.50 |
Change
0.430(4.74%) |
Mkt cap ! $1.717B | |||
| Open | High | Low | Value | Volume |
| $9.04 | $9.58 | $9.04 | $13.81M | 1.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2387 | $9.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.51 | 1694 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |