Some bullet points - - They just added $20m to the buyback to take the total budget to $35m from $15m. - Buyback still ends 2nd June 2025. - In 11 months they spend $13.5m. - Highest price paid so far $1.60.
My takeaways - It is highly unlikely much of the $20m will be spent in the next 4-5 weeks, unless the company has looked at the register and sees that somone is selling and may want to offload more.
Buyback will likely be exteneded for 12 months from 2nd June but there has been no specific hints that this will be the case (other than assigning $20m!!
Highest price paid has been $1.60, the company is obviously worth more and with NTA around $1.62 after that it will become a brainer as opposed to a no-brainer as to what price to continue to buyback at. I can certainly see them buying back at higher prices all the way to $2, but they just haven't had to yet.
Management doing a really good job on this buyback imo.
SVR Price at posting:
$1.57 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)