They buy on market, and cancel the shares, so that any profit and/ or dividends is allocated to fewer shares. The exact opposite of a SPP or a rights offer where, although they receive ex tra funds, the number of shares actually increases. A buy back is generally an option when the company has sufficient funds and doesn’t need to raise cash. MSV can pay dividends, pay down loans or buy back shares ; or a combination of all three ! What made you ask the question (which is common to any listed company) on the MSV site ?
Ann: Quarterly Investor Update, page-28
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Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $87.70M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.5¢ | $155.8K | 379.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39630 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 40370 | 2 |
View Market Depth
| Last trade - 15.54pm 02/08/2024 (20 minute delay) ? |
| MSV (ASX) Chart |