Agree. 4.1% is no small chunk of the company to be investing back in and would cost ~96 million in capital assuming $16 or less purchase price per share. Given not many shares are typically traded with CTD on average, I'd be confident it'll will eventually lead to a decent price hike based primarily on the selling liquidity drying out. Last time I saw this was with TPW when it had a respectable earnings and share price collapsed. They are now trading over $12 following through with continually good earnings and changed sentiment. CTD's average broker rating still lies around ~$22.46 which is a substantial premium to where it currently trades (15 Buy 5 Hold 1 Sell).
Ann: Update - Notification of buy-back - CTD, page-8
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Last
$13.69 |
Change
0.280(2.09%) |
Mkt cap ! $2.003B | |||
| Open | High | Low | Value | Volume |
| $13.36 | $13.73 | $13.34 | $10.09M | 742.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 864 | $13.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.69 | 25 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| CTD (ASX) Chart |