It's probably a good idea you don't comment anymore as you clearly do not understand the process here. A company announces a buyback when they come to the conclusion that the cheapest thing out there for us to buy right now is our own stock as it is now mis-priced by the market. And it would be foolish of them to announce a buyback and then announce a poor result not long after. I am not saying the result will be good but just inline. Consider this - Market cap in 2022 = $1.2b. Market cap now = $218m. I don't think things are that bad so it's no wonder they are doing a buyback.
It's probably a good idea you don't comment anymore as you...
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Last
45.0¢ |
Change
-0.015(3.23%) |
Mkt cap ! $128.3M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 45.0¢ | $142.9K | 312.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 64880 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 7966 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| DGL (ASX) Chart |