There is a "maximum amount" rule that prohibits companies paying more than 5% of the average price over a week. That prevents them manipulating the share price up. I'm not sure if there is a minimum amount rule, but I can see the sense in having one. However, even if there is one, it wouldn't stop ALL buying back in the $30-31 range, so I've also thought about why they haven't been. My money's on the board thinking the share price will fall further. It's never nice to see red all the time, but really I see it as a good opportunity to top up (or rather, I will soon).
Ann: FY2022 Results Media Release, page-73
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Last
$57.35 |
Change
-0.730(1.26%) |
Mkt cap ! $36.10B | |||
| Open | High | Low | Value | Volume |
| $57.82 | $57.93 | $56.92 | $46.52M | 810.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2745 | $57.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $57.46 | 380 | 2 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| ALL (ASX) Chart |