A bit baffled by this announcement.
My first thought was it's a quick and easy "buy back" at market price so a decent discount to NTA.
A good move except TOT needs the cash to pay its dividend. So maybe it was a sign that non-core asset sale was imminent?
But then I looked at the share registry from the last annual report
We are talking $50k!
Morgans' fees will probably cost more.
What a distraction for management. Can't see the point really.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
42.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $90.91M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 41.5¢ | $2.461K | 5.864K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 444 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 164007 | 4 |
View Market Depth
| Last trade - 13.23pm 07/08/2025 (20 minute delay) ? |
| TOT (ASX) Chart |