Just a contrarian view
Stock price denomination and price movement rules for buy backs mean that if they decide to do a buyback it would be more-so just putting in floor bids at the highest existing bid price. They won't be moving any pips.
I think it's largely useless in this case, given that it's quite clear we're at a floor price now anyway. Buyers here have confidence this won't be free-falling anytime soon given the cash backing...... and besides if you've followed enough buybacks you'll know that when the price is free-falling you can bet the buyback will be temporarily paused due to "uncertainty".... The cash balance is a better floor than a buyback here.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.159M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $284 | 31.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 157090 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1000404 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 157090 | 0.009 |
2 | 1125000 | 0.008 |
3 | 1825124 | 0.007 |
2 | 340009 | 0.006 |
2 | 1000000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 1000404 | 3 |
0.013 | 100000 | 1 |
0.014 | 111111 | 1 |
0.015 | 290188 | 3 |
0.020 | 847866 | 1 |
Last trade - 12.31pm 16/08/2024 (20 minute delay) ? |
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SHE (ASX) Chart |