Australia's largest stock trading and investment forum Australia's #1 stock forum

SZL

Click for more information

0.00%

$24.35 sezzle inc.

Buying and then cancelling..........Can you explain that...

First 43 Last

Share
Profile

Follow
Paulinski

104 Posts.

6

25/01/24

11:25

Post #: 72061400
Share

Originally posted by Prestonian: ↑

But there are such a low number of shares on issue that I don't think reducing the number is the priority. I think increasing the actual share price is what they want.

Buying and then cancelling shares at a lower price technically increases the overall market cap of the company but buying shares on market at a higher price can have the double effect of literally increasing the share price as they are bought followed by indirectly increasing the overall market cap as the shares are cancelled. Win / win.

Expand

Buying and then cancelling..........Can you explain that paragraph differently, I am trying to understand that logic.

SZL Price at posting: $24.35 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

There are more pages in this discussion • 13 more messages in this thread...

First 43 Last

Add SZL (ASX) to my watchlist