management & the co's broker would know true value of the company & its future cashflow requirements better than anyone else; therefore anytime they're buying on-market it's because SP is undervalued, & they're convinced a good ROI will be achieved for SH.
based on recent CR, sophs & instos saw value at 14¢; therefore buying in this lull @ 7¢ could literally return 100% in the future:
seems low risk investment from their position to have this buyback option, as they have all the information Infront of them, & cash in bank would only earn around 1%
win-win imo. & this isn't a move to stabilise SP, i think it's all about providing SH with ROI
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Last
2.1¢ |
Change
-0.004(16.0%) |
Mkt cap ! $28.24M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.1¢ | $61.54K | 2.894M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 247963 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 1516000 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 247963 | 0.021 |
7 | 882644 | 0.020 |
5 | 940000 | 0.019 |
4 | 899555 | 0.018 |
7 | 938033 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 516000 | 4 |
0.024 | 300699 | 2 |
0.025 | 250000 | 1 |
0.032 | 176887 | 2 |
0.034 | 440125 | 2 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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ICI (ASX) Chart |