It's probably a good idea you don't comment anymore as you clearly do not understand the process here. A company announces a buyback when they come to the conclusion that the cheapest thing out there for us to buy right now is our own stock as it is now mis-priced by the market. And it would be foolish of them to announce a buyback and then announce a poor result not long after. I am not saying the result will be good but just inline. Consider this - Market cap in 2022 = $1.2b. Market cap now = $218m. I don't think things are that bad so it's no wonder they are doing a buyback.
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- Ann: On-Market Share Buy-Back
Ann: On-Market Share Buy-Back, page-19
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Last
61.0¢ |
Change
0.030(5.17%) |
Mkt cap ! $173.9M |
Open | High | Low | Value | Volume |
58.0¢ | 61.0¢ | 58.0¢ | $153.2K | 256.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 60.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 100840 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.605 |
1 | 18688 | 0.600 |
2 | 767 | 0.580 |
2 | 6000 | 0.575 |
5 | 27577 | 0.570 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 100840 | 1 |
0.615 | 5000 | 1 |
0.620 | 12500 | 2 |
0.625 | 23600 | 3 |
0.630 | 113496 | 3 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
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DGL (ASX) Chart |