ok hypothetically lets assume CAJ was replace the dividend with happy to allocate $11 million towards a buy back instead.
244 trading days equates to $45,081 worth of daily purchases say at an average of 25c per share or 180,327 shares bought back per day.
Given CAJ's liquidity, that would represent about 50% of CAJ's current average daily volumes!
Ann: AGM - Chair's Address & Managing Director/CEO's Presentation, page-33
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 (20min delay)
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Last
26.0¢ |
Change
0.015(6.12%) |
Mkt cap ! $277.1M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 26.0¢ | 24.5¢ | $2.420M | 9.952M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45193 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 154500 | 4 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
25.8¢ |
Change
0.015 ( 7.20 %) |
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| Open | High | Low | Volume | ||
| 24.5¢ | 26.0¢ | 24.5¢ | 346519 | ||
| Last updated 15.56pm 15/05/2024 ? | |||||
| CAJ (ASX) Chart |