That's not generally the purpose of a share buy-back. They buy the dips. In general ASIC frowns on companies manipulating their own share price, so you won't see a buy-back where the company/fund is wiping lines on the sell side.
What is happening though is that the buy-back is increasing the equity held by remaining holders. So far this buy-back has increased the equity per unit by 5%, which we get when the fund is (eventually) wound up.
That's not generally the purpose of a share buy-back. They buy...
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Last
35.5¢ |
Change
0.005(1.43%) |
Mkt cap ! $250.5M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 35.0¢ | $35.73K | 101.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12500 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 588005 | 5 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| URF (ASX) Chart |