While I don’t have exact broker data yet, with the high volume, it’s a fair assumption to think Alkasab is fully out taking away a large capping to the SP.
Secondly, the way they’ve structured the capital management provided they get a ruling, typically is favourable for most in a pure sense - excluding your view of the outlook of course.
Then we have the buyback that will start mid Sep.
Collectively we now should have a FLOOR to the SP and given liquidity on a normal day is low, even this small buyback could be very favourable for the company. GLTAH
Ann: Notification of buy-back - AVA, page-2
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $31.84M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 11.0¢ | $4.318K | 39.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 147235 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 10000 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AVA (ASX) Chart |