They buy on market, and cancel the shares, so that any profit and/ or dividends is allocated to fewer shares. The exact opposite of a SPP or a rights offer where, although they receive ex tra funds, the number of shares actually increases. A buy back is generally an option when the company has sufficient funds and doesn’t need to raise cash. MSV can pay dividends, pay down loans or buy back shares ; or a combination of all three ! What made you ask the question (which is common to any listed company) on the MSV site ?
Ann: Quarterly Investor Update, page-28
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Last
38.0¢ |
Change
0.020(5.56%) |
Mkt cap ! $81.23M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 36.5¢ | $76.30K | 204.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 61370 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 32000 | 1 |
View Market Depth
| Last trade - 15.49pm 10/09/2024 (20 minute delay) ? |
| MSV (ASX) Chart |