Agreed. The buy buy was the correct decision to be made. When we were below 70c and even hitting the 50s. I don't think spending capital to buy back shares makes good financial sense if we are above $1.00. It wasn't that long ago we were raise cash at that rate.
When the buy back was proposed by management I don't think buying back shares at todays price of $0.88 was in their thinking.
NIC - General discussion, page-864
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Last
91.3¢ |
Change
-0.008(0.82%) |
Mkt cap ! $3.871B | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 91.8¢ | 89.3¢ | $2.440M | 2.696M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 15684 | 91.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 91.5¢ | 145876 | 25 |
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| Last trade - 13.33pm 04/10/2024 (20 minute delay) ? |
| NIC (ASX) Chart |