at the risk of incurring the wrath and ridicule of those who have read many financial textbooks and have enjoyed a long and illustrious career in finance and investment and who have demonstrated their financial chops for all to see (read)
What is the point of this buy back as it is currently progressing?. Against a backdrop of 5bn shares it is like sticking an Elastoplast on a severed artery.
Some thoughts on the buy back, either put up or shut up, either do or desist.
Why not put this pointless use of capital into operational/production aspects of. the business?
Consolidate, and then if a buy back is still considered a good use of capital then carry on regardless.
At least after a consolidation it won't be like pissing into the head winds of 5bn shares.
Banter and General Comments .. BRK, page-9679
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1.2¢ |
Change
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Mkt cap ! $57.17M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $109.9K | 9.155M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 10848681 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 22910913 | 18 |
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| BRK (ASX) Chart |