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
management & the co's broker would know true value of the...
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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 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| ICI (ASX) Chart |