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
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $266.5M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 25.0¢ | $49.98K | 196.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 213381 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 9810 | 1 |
View Market Depth
| Last trade - 12.38pm 16/05/2024 (20 minute delay) ? |
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Last
25.5¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 25.5¢ | 26.0¢ | 25.3¢ | 27060 | ||
| Last updated 12.00pm 16/05/2024 ? | |||||
| CAJ (ASX) Chart |