Can anyone explain to me this hypothetical...
With the company stock worth <$200 mil, and net cash >$100 mil. I'm so confused, if stock continues to dive and cash continues to rise can't companies just buy all their own stock back? Although of course the more that's bought the higher the SP goes...
Genuinely confused as if I'm missing something
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Last
60.0¢ |
Change
-0.015(2.44%) |
Mkt cap ! $1.036B | |||
| Open | High | Low | Value | Volume |
| 62.5¢ | 62.5¢ | 60.0¢ | $16.61M | 27.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 2196860 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 39085 | 5 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |