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Ann: Daily share buy-back notice - Appendix 3E, page-6

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g12m0

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09/09/19

21:41

Post #: 40363001
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Originally posted by diggingyourselfintoahole ↑

Hi Venom, not much spent by the company for a large pick-up in the share price, although not quite the 5% in a day I was hoping for! Not sure why they bought so little stock, as the price will only go up from here in the face of such a large potential buyback, you would think.

The broker can't bid more than 5% above the 5 day volume weighted average (rule 7.33), but this will go up fairly sharply based on the recent uptick in share price. How the broker handles the buyback I guess depends if the broker is meant to be i) pushing up the stock price or ii) acquiring as much stock as cheaply as possible (as a shareholder you'd expect it to be the latter though!).

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What is the 5 day VWAP this morning?
And also 5 day VWAP at end of today’s trading?

CIM Price at posting: $32.36 Sentiment: Buy Disclosure: Held
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