"The objective of the share buy-back program remains capital management and the Board intends to buy backshares while VG1 is trading at a discount to NTA"
The great experiment begins!
To put it in perspective, they're trying to buy back 60% of the total volume that was traded over the last year (based on the average trading volume of the last 4 weeks). Good luck to them.
For those following the the future:
18th Dec - price $1.61, NTA $1.93, so ~83.4% (or 19.9% upside, the way I prefer to look at it).
Ann: Commencement of Increased On-Market Buy-back, page-2
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Last
$1.90 |
Change
0.000(0.00%) |
Mkt cap ! $562.1M | |||
| Open | High | Low | Value | Volume |
| $1.91 | $1.92 | $1.90 | $209.6K | 109.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6936 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 60414 | 3 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| VG1 (ASX) Chart |