The did not “let” the price drop. A buy back cannot be used to prop up a sp. That would be so manipulation which would be highly illegal.
Don’t forget one of the biggest recent sp moves was when a retail shareholder dumped 60m shares at market and wiped out multiple bid lines.
If the bb was not sitting there with associated bids the damage would have been way worse.
The did not “let” the price drop. A buy back cannot be used to...
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Last
43.5¢ |
Change
-0.010(2.25%) |
Mkt cap ! $41.52M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 43.5¢ | $5.984K | 13.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11717 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 10800 | 2 |
View Market Depth
| Last trade - 15.46pm 01/11/2024 (20 minute delay) ? |
| BRK (ASX) Chart |