I agree with your first paragraph. Surely there are better uses for the money ? What hard evidence is there anyway that the shares are that cheap.
In my experience small caps who do buybacks generally end up with egg on their face. And that's just the profitable ones.
Ann: Notification of buy-back - ATG, page-5
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Last
40.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $112.7M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.0¢ | 39.0¢ | $4.605K | 11.53K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16825 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 26547 | 5 |
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| Last trade - 10.07am 29/07/2024 (20 minute delay) ? |
| ATG (ASX) Chart |