There is a "maximum amount" rule that prohibits companies paying more than 5% of the average price over a week. That prevents them manipulating the share price up. I'm not sure if there is a minimum amount rule, but I can see the sense in having one. However, even if there is one, it wouldn't stop ALL buying back in the $30-31 range, so I've also thought about why they haven't been. My money's on the board thinking the share price will fall further. It's never nice to see red all the time, but really I see it as a good opportunity to top up (or rather, I will soon).
There is a "maximum amount" rule that prohibits companies paying...
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Last
$52.84 |
Change
-0.700(1.31%) |
Mkt cap ! $33.34B | |||
| Open | High | Low | Value | Volume |
| $53.78 | $53.92 | $52.42 | $66.40M | 1.253M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1988 | $52.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $52.92 | 420 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| ALL (ASX) Chart |