Because they're buying back 10% of the shares on issue which is a very big portion and should increase the value of each share as well as propping up the SP.
Ann: Notification of buy-back - PME, page-3
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Last
$200.00 |
Change
1.940(0.98%) |
Mkt cap ! $20.89B | |||
| Open | High | Low | Value | Volume |
| $199.92 | $200.50 | $193.79 | $49.19M | 247.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31 | $199.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $200.05 | 75 | 1 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| PME (ASX) Chart |