And I'm not going to argue against buybacks as they'll only be doing them when they can afford to do them and which leaves them with a decent cash buffer. It'll probably only amount to 100k-150k/day costing around $5mil/month and it might clean-up the current trading activity in the stock - eg yesterday's turnover was 441.2k but 132.6k were 'short' sales or 30% - if you can discourage these 'short' sales then it would be a bonus on top of the principal benefits that come from reducing the number of shares on issue.
And I'm not going to argue against buybacks as they'll only be...
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Last
$1.63 |
Change
-0.055(3.27%) |
Mkt cap ! $418.8M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.67 | $1.63 | $376.3K | 229.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10338 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 51400 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |