A bit dramatic to say this but it could be true. While we're speculating, an equally likely reason could be a possible acquisition. It could be that they are carrying out due diligence on a company and want to have cash aside for a buy out so they have temporarily paused the buyback. Barring alternative use of their cash, I agree pausing the buy back at such low prices shows they think these prices are here to stay or they'll get even lower.
However, the fact that Jamie bought a bunch of shares at $16 and CTD had increased their buyback recently from 30k to 50k shares per day shows that it's more likely the pause happened to save money for an acquisition.
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CTD
corporate travel management limited
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0.77%
!
$13.10

Why is this dropping without any news?, page-29
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Last
$13.10 |
Change
0.100(0.77%) |
Mkt cap ! $1.916B |
Open | High | Low | Value | Volume |
$13.17 | $13.31 | $12.97 | $5.322M | 405.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1915 | $13.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.10 | 543 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 48 | 13.400 |
1 | 400 | 13.230 |
2 | 1050 | 12.950 |
1 | 585 | 12.910 |
1 | 1000 | 12.900 |
Price($) | Vol. | No. |
---|---|---|
12.310 | 3 | 1 |
13.090 | 333 | 1 |
13.100 | 117 | 1 |
13.200 | 1000 | 1 |
13.300 | 2755 | 2 |
Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
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CTD (ASX) Chart |