Share price rising is great for traders who wish to sell in the short term, however if they are spending $30m on buybacks i'd prefer it to be done when the price is $1 & not $1.50 as this gives me greater ownership of the business without me putting in more capital.
Example;
$30m / $1/share = 30m shares bought back or 15% of the company
$30m / $1.5/share = 20m shares bought back or 10% of the company
Therefore I can own 5% more of the business if they purchase at a lower price.
I'm not whinging I was just confused with the timing of the buybacks & now hopefully you can see why.
Share price rising is great for traders who wish to sell in the...
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Last
92.0¢ |
Change
0.015(1.66%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| 90.0¢ | 92.5¢ | 89.0¢ | $53.32K | 58.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 13847 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| NZM (ASX) Chart |