Never seen a buy back actually raise the SP in any meaningful way for any company. Usually a way to help major holders exit or reduce their holding without crashing the SP.
The $400mil should be give to holders and they can then decide individually if they think the shares are undervalued and want to buy more.
I do not want management deciding which shares are undervalued and how spare cash should be invested.
Never seen a buy back actually raise the SP in any meaningful...
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Last
$1.33 |
Change
-0.005(0.38%) |
Mkt cap ! $3.387B | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.34 | $1.32 | $4.787M | 3.610M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 63 | 344184 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 132286 | 28 |
View Market Depth
| Last trade - 15.43pm 08/10/2024 (20 minute delay) ? |
| AMP (ASX) Chart |