Yes, they work - in the short term.
But it's not a long term solution.
Unless, the solution is buying back all of the stock on issue.
I get the new found optimism from the recent narrowing of the discount.
But let's be honest with ourselves - it's artificial.
Anyway, price increase is a price increase. Good change - even when it is completely manufactured.
Ann: Update - Notification of buy-back - VG1, page-12
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Last
$1.94 |
Change
-0.005(0.26%) |
Mkt cap ! $562.7M | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.96 | $1.94 | $1.377M | 706.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6281 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.96 | 60000 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| VG1 (ASX) Chart |