I suggest you to read more of the financial books, learn how to calculate ROE (return on equity) and intrinsic value of a company. Then check out whether buy-back will create or destroy shareholder value at current share price, before coming out to target me.
But if you don't have time, just read other analysts said:
Capital managementOne thing that may be supportive of the a2 Milk share price today is management’s plan to actively consider capital management initiatives.
This includes putting its vast cash balance to use with a potential share buy-back. Full details on its plans will be revealed with its full year results in August.
https://www.********.au/2021/05/10/a2-milk-asxa2m-share-price-in-danger-after-downgrading-guidance-again/
I suggest you to read more of the financial books, learn how to...
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Last
$6.68 |
Change
-0.020(0.30%) |
Mkt cap ! $4.829B | |||
| Open | High | Low | Value | Volume |
| $6.70 | $6.71 | $6.61 | $6.477M | 971.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12782 | $6.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.69 | 15324 | 5 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |