Correct me if I'm wrong but as at June 30 AFL had around $3m in cash (or equivalent)? Even if they burned it all on buy-back it's unlikely to get the price back above 30c in the absence of some material change in management direction. Seems a little knee-jerk in response to negative investor sentiment. We'll see. I'd rather see some acknowledgement of the issues raised around remuneration and underlying fundamentals.
Ann: Notification of buy-back - AFL, page-3
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Last
14.0¢ |
Change
-0.010(6.67%) |
Mkt cap ! $13.69M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 14.0¢ | $15.81K | 112.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 97414 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 73234 | 1 |
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| Last trade - 14.30pm 09/07/2024 (20 minute delay) ? |
| AFL (ASX) Chart |