Hi Septic
Any idea what governs the rules on buyback prices? In my experience, they always seem to have to be at or below last sale, but I'm not sure where this is in the rules- ASX, Corporate Law or Constitution?
Typically, they just seem to result in further reduced liquidity unless a company was about to recover (in which case they can put a new floor under a rising price). But buybacks because the company thinks its shares are too cheap seem to be more of a deterrent to speculative liquidity.
- Forums
- ASX - By Stock
- Ann: Announcement of buy-back - Appendix 3C
Hi SepticAny idea what governs the rules on buyback prices? In...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AMB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online