Is there really any point to the company buying stock ?
It's not like the stock is on a discount to cash in the bank.
They say that they have many growth opportunities, so use the cash to invest in them.
The buy back indicates to me that they are clueless.
Ann: ASIC advice re. ordinary share cancellation, page-2
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $284.7M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $492.0K | 2.745M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 165250 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 223350 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SWM (ASX) Chart |