ICI - Charts, page-1346

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JohnK123

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22/12/22

19:21

Post #: 65421275
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Originally posted by Sanami: ↑

Thinking a bit about the SBB today and the options expiring. To my knowledge we have a quite a large volume of options expiring imminently.

ICIOB : OPTION EXPIRING 31-DEC-2022 - 15,444,349
ICIAF : OPTION EXPIRING 31-DEC-2022 EX $0.05 - 26,444,444

Over 40 million in total.

Until now I was thinking about the SBB as a tool primarily to uphold the share price at a value that the company would deem as fair. They did after-all announce that the reason they introduced the SBB was due to the fact that the share price did not reflect the true value of the business.

However the primary goal of the SBB may be to shrink the number of outstanding shares, and let the share price do it's own talking.

Being that they have the approval to buy back 135million shares, if they sustained their SBB activity until now, we may have seen a large number of options exercised, which would be counter to the objective of reducing outstanding shares. What would be the point of using the SBB to buy and kill shares if it causes a substantial quantity of options to be exercised.

I know the there has already been plenty of discussion around the options expiring to date and why it relates to the SP, but I hadn't thought about it relating to the SBB and reducing the shares out there. Or I might be a bit slow.

All my own speculations. But we may see the SBB kick back in shortly.

Expand

Fair point but i think the majority of ICIOB will be excised

Will be interesting to see how much of the remaining 14 million get excised

ICI Price at posting: 5.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $28.16M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.1¢	$8.844K	411.0K

Buyers (Bids)

No.	Vol.	Price($)
8	888689	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	57539	2

View Market Depth

No.	Vol.	Price($)
8	888689	0.021
10	2115050	0.020
1	500000	0.018
3	546969	0.017
2	575000	0.016

Price($)	Vol.	No.
0.022	57539	2
0.023	153852	2
0.024	526190	2
0.025	100000	1
0.026	153423	3

Last trade - 12.20pm 05/11/2024 (20 minute delay)

ICI (ASX) Chart

ICI - Charts, page-1346

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ICI - Charts, page-1346

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