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!
ok hypothetically lets assume CAJ was replace the dividend with...
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 (20min delay)
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $255.8M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 24.0¢ | $59.38K | 247.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 27620 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 166663 | 4 |
View Market Depth
| Last trade - 12.20pm 29/04/2024 (20 minute delay) ? |
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Last
24.0¢ |
Change
0.005 ( 2.13 %) |
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| Open | High | Low | Volume | ||
| 24.0¢ | 24.5¢ | 24.0¢ | 52460 | ||
| Last updated 13.14pm 29/04/2024 ? | |||||
| CAJ (ASX) Chart |