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
$1.14 |
Change
0.013(1.11%) |
Mkt cap ! $2.960B |
Open | High | Low | Value | Volume |
$1.13 | $1.14 | $1.13 | $435.4K | 384.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 173811 | $1.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.14 | 661718 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 168551 | 1.135 |
15 | 269391 | 1.130 |
19 | 486304 | 1.125 |
21 | 395504 | 1.120 |
7 | 117263 | 1.115 |
Price($) | Vol. | No. |
---|---|---|
1.140 | 651792 | 25 |
1.145 | 575486 | 29 |
1.150 | 667772 | 57 |
1.155 | 735653 | 11 |
1.160 | 246671 | 13 |
Last trade - 10.53am 16/07/2024 (20 minute delay) ? |
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