"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
Add VG1 (ASX) to my watchlist
 (20min delay)
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Last
$1.89 |
Change
0.000(0.00%) |
Mkt cap ! $571.7M | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.89 | $1.87 | $944.7K | 502.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12531 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.89 | 105630 | 3 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.89 |
Change
0.000 ( 0.53 %) |
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| Open | High | Low | Volume | ||
| $1.88 | $1.89 | $1.88 | 33409 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| VG1 (ASX) Chart |