A 30% decline since the buyback announcement.
I would rather have seen the excess cash go into R&D rather than this failed attempt to increase individual share value. This buyback clearly has been viewed by the market as a company without a vision to expand. SP punished accordingly.
(Unless of course there is some sneaky manipulation at hand to buy back their stash at bargain prices)
Ann: Update - Notification of buy-back - NEC, page-4
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Last
$1.20 |
Change
-0.015(1.24%) |
Mkt cap ! $1.914B | |||
| Open | High | Low | Value | Volume |
| $1.22 | $1.22 | $1.19 | $1.920M | 1.593M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 123206 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 54159 | 17 |
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| Last trade - 11.56am 13/09/2024 (20 minute delay) ? |
| NEC (ASX) Chart |