if you genuinely understood mathematics you would understand that there are 2 parts to a share buy back.
One is a reduction in the shares on offer. The other is a reduction in the assets in the value of the company as its assets are used to reduce thd]e number of shares.
Yes the reduction in number of shares means that the value of future earnings per share is increased by - in this case by about 10%. But the same day this happens, the assets of the company are decreased - in this case = 10% of both nta and market cap. The benefit from a share buyback is realised in future when the earnings increase or more accurately SP increases.
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Last
$1.13 |
Change
0.000(0.00%) |
Mkt cap ! $2.921B |
Open | High | Low | Value | Volume |
$1.13 | $1.15 | $1.12 | $9.055M | 8.008M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 75047 | $1.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.13 | 72779 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5387 | 1.120 |
6 | 209455 | 1.115 |
5 | 118243 | 1.110 |
3 | 82498 | 1.105 |
4 | 74710 | 1.100 |
Price($) | Vol. | No. |
---|---|---|
1.125 | 29688 | 4 |
1.130 | 149231 | 10 |
1.140 | 78285 | 5 |
1.145 | 518994 | 16 |
1.150 | 394541 | 47 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
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