Of course a Buyback is a good idea and positive for the company.
*Or they cancel the share they bought back, then mcap and oustanding shares will be smaller and P/E better
*it will scare away the shorters in the stock
* Company communicates to the market that they find their own shares cheap when they buy back...and they know the best..
* Negative sentiment with fresh lows will be gone, market is psychology, not only numbers..
And probably when they announce SP will go up and they hardly need to buy any shares, so for me it would be wise to do both next to repay debt.
And when stock is $1.00 do a placement of stock to repay debt, they should use the capital markets for why they are their..why did they list in the first place...
But we have been talking about that in the past, they have many research reports from buy to strong buy, but no following up in the market at all.
Seems like they pay for the research and then the broker walks away with the fee...
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Last
38.5¢ |
Change
-0.010(2.53%) |
Mkt cap ! $295.0M |
Open | High | Low | Value | Volume |
38.5¢ | 38.5¢ | 38.5¢ | $5.128K | 13.31K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5005 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 8163 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5 | 0.380 |
2 | 1610 | 0.370 |
1 | 1370 | 0.365 |
1 | 20000 | 0.360 |
1 | 1408 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.395 | 34600 | 1 |
0.415 | 4350 | 1 |
0.440 | 2358 | 1 |
0.455 | 6528 | 1 |
0.485 | 11740 | 2 |
Last trade - 13.22pm 23/08/2024 (20 minute delay) ? |
OMH (ASX) Chart |
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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