But the "nice(r) and high(er)" price paid by the company only benefits those wanting out (and short term traders), and harms the remaining shareholders to the extent MLX have paid more than they needed to have paid for their own stock.
Higher stock prices are short lived; reduction in intrinsic value, as a result of this tactic, is longer term. There's a way to do stock buybacks and companies need to do them as cheaply as possible. Buffett has a lot to say on this topic.
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Last
56.8¢ |
Change
0.008(1.34%) |
Mkt cap ! $509.6M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 57.5¢ | 56.5¢ | $926.6K | 1.624M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 466141 | 56.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 20356 | 5 |
View Market Depth
| Last trade - 12.13pm 17/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |