If the buy-back payed only up to $1.99, and the SP surpassed $2 naturally, then Taurus converted, it should be a win for the company. The company receives $2 for each share, but bought back shares for <$1.99 previously.
The losing scenario is if the company buys back up to $1.99, but the SP does not naturally rise above $2, Taurus does not convert, the buy-back stops because of not strong enough cashflow, and the SP falls backwards toward $1.50 etc. Then the company over-paid for the buy-back.
Ann: Becoming a substantial holder, page-15
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Last
$1.52 |
Change
0.000(0.00%) |
Mkt cap ! $390.4M | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.53 | $1.49 | $516.7K | 342.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14976 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 3182 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |