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2.4¢ beacon minerals limited

Buying up big, page-11

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Biarra

703 Posts.

74

25/01/24

11:25

Post #: 72061381
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Originally posted by joedirt23 ↑

Good post mate. I might be wrong but you seem to have misinterpreted what a buy back is and it may confuse others reading your post. Buy backs are different to Consolidations.

Consolidations are what you stated where the company literally divide everyone’s shares by say 10 and with the Market Cap obviously staying the same, the price of everyone’s shares is multiplied by 10. In theory it shouldn’t have an effect on the market cap (most important).

Where as a buy back is where the company buys shares that are on the market and they “disappear” so to speak. It’s the opposite of issuing shares where they get money, they are buying shares by paying money. Obviously, this in theory should have a positive effect on the share price. Not only will more buying reduce big sell walls and increase the price naturally that way, but by buying back shares and there being less shares outstanding, the same market cap will give everyone a higher price per share. I personally think it’s worth it but there’s many schools of thought on the merits of what to do with spare capital.

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I think he meant that after a buy back the shares are consolidated, same effect as a Consolidation but with the expense of the buy-back.

BCN Price at posting: 2.4¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 2.4¢		Change 0.001(4.35%)		Mkt cap ! $90.16M

Open	High	Low	Value	Volume
2.4¢	2.4¢	2.3¢	$131.0K	5.484M

Buyers (Bids)

No.	Vol.	Price($)
1	51	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.5¢	1441945	3

View Market Depth

No.	Vol.	Price($)
1	51	0.024
6	3511088	0.023
13	5462438	0.022
13	3961972	0.021
7	4139507	0.020

Price($)	Vol.	No.
0.025	1441945	3
0.026	2227324	5
0.027	349333	2
0.028	2146150	1
0.029	1787692	3

Last trade - 15.16pm 21/10/2024 (20 minute delay)

BCN (ASX) Chart

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