I think it will hold around $40 ish whilst the buyback is running. They bought back $25m of shares yesterday and can only afford to do this for another 3-4 days then they max out the buyback. Spending $25m in one day which is 14% of the buyback allowed is very big buying IMO. Someone correct me if I am wrong here. I would have thought if they keep this up and the buyback ends within the next week then early March could see further weakness into the $35-$38 range. At $35 its still a PE of 22/23x FY18 projected earnings so no bargain IMO.
I think it will hold around $40 ish whilst the buyback is...
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Last
$35.57 |
Change
-0.110(0.31%) |
Mkt cap ! $3.234B | |||
| Open | High | Low | Value | Volume |
| $35.87 | $36.21 | $35.55 | $10.51M | 292.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2859 | $35.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.58 | 341 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| DMP (ASX) Chart |