That's not how this is working at all.
The company is not buying back and disolving these small parcels. They're simply facilitating the sale of them by putting them directly on the market in a larger bundle. It means the current small parcel holders get a little bit of cash back instead of wasting the value on brokerage.
What it does do is take some holders off the register and reduce the admin costs associated with that and any of the paper notices/forms that might get sent out.
Also, given the company has been made investments into expansion, why would you be thinking anything about a dividend being distributed this year? Very optimistic!
That's not how this is working at all.The company is not buying...
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $19.34M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.4¢ | 1.2¢ | $10.64K | 811.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42116 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 243607 | 3 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
1.3¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.3¢ | 1.3¢ | 1.2¢ | 563338 | ||
| Last updated 14.36pm 03/05/2024 ? | |||||
| RFT (ASX) Chart |