Less shares in the market. The aim is to increase NTA per share whilst then increasing dividend per share (due to less shares).
Another aim will be to try and maintain (at least) share price parity to NTA or better yet, a market premium via reducing available shares.
Buys-backs can also driven by the management teams belief their stock is undervalued and / or they see no other viable market opportunities.
They; like all active managers, are now fighting the tide of 'passive' ETFs attracting new money.
In short, provided the team believe they can grow the NTA (without needing the buy-back) then this will be a positive outcome.
Less shares in the market. The aim is to increase NTA per share...
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Last
$9.20 |
Change
0.030(0.33%) |
Mkt cap ! $7.001B | |||
| Open | High | Low | Value | Volume |
| $9.17 | $9.22 | $9.17 | $2.839M | 308.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4250 | $9.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.20 | 5200 | 1 |
View Market Depth
| Last trade - 16.15pm 28/07/2025 (20 minute delay) ? |
| ARG (ASX) Chart |