PEN 4.55% 11.5¢ peninsula energy limited

a new on-looker, page-18

  1. 342 Posts.
    Please correct me if I am wrong, but my impression is that share buy backs are generally (not always) targeted at reducing the number of shares due to dividend reinvestment programs, which increase the number of shares at each dividend point. It helps stop price dilution and encourages the small, high maintenance, holders to sell at low or no cost.

    Given PEN does not yet pay a dividend and will likely want to use the cash it has, plus what it expects to make from the options, to further develop the company, I don't see a buy back for a few years yet.
 
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Last
11.5¢
Change
0.005(4.55%)
Mkt cap ! $366.3M
Open High Low Value Volume
11.0¢ 11.5¢ 10.5¢ $2.185M 19.39M

Buyers (Bids)

No. Vol. Price($)
13 1892350 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 3719 1
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
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