Let’s say we put $5m towards buy back and at this price we will get around $3m shares and say next 12 months we are trading at $3-$5 then we made between $4m to $10m by investing money into our own shares.
our 12months interest will be around $7m aud. Sometime it worth doing the exercise, only problem is the market will be crazy the moment they say they will buy back shares and sp will go up beyond $2
Let’s say we put $5m towards buy back and at this price we will...
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Last
$1.55 |
Change
-0.025(1.59%) |
Mkt cap ! $399.5M | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.58 | $1.53 | $965.6K | 623.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2267 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 15633 | 1 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |