I see it as prudent Capital management. As their reply mentioned, the prevailing share price is a key consideration. If Management think the stock is fully valued, why would they continue the buy back. We applaud them when they buy back at levels below NTA, but then seem to criticise when they pull back.
HLI has been prudently, but well managed for a long time, and I am happy to support Managements actions.
isnt that the beauty of a free market, people can buy in, stay, or leave, as they wish.
Ann: Update - Notification of buy-back - HLI, page-62
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Last
$4.39 |
Change
-0.030(0.68%) |
Mkt cap ! $1.232B | |||
| Open | High | Low | Value | Volume |
| $4.44 | $4.45 | $4.38 | $3.188M | 723.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8038 | $4.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.40 | 2782 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| HLI (ASX) Chart |