You are one of few people on this forum worth paying much attention too.
While you are on the money that the role of a buyback is to return capital to shareholders (I note if that truly is excess capital), the directors absolutely have to take a fundamental view on value, even if that is to ensure the buyback has limited valuation downside rather than looking to buying shares cheaply.
A fundamental part of the Board's role is to assess value and, whether that be six monthly carrying value tests, or comparing options for organic growth, capital returns or M&A (as aggressor or defender).
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Last
$12.66 |
Change
-0.180(1.40%) |
Mkt cap ! $1.241B |
Open | High | Low | Value | Volume |
$12.78 | $12.87 | $12.66 | $71.08K | 5.566K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 220 | $12.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.68 | 518 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 338 | 12.660 |
4 | 1463 | 12.650 |
4 | 531 | 12.640 |
5 | 1699 | 12.630 |
4 | 780 | 12.620 |
Price($) | Vol. | No. |
---|---|---|
12.680 | 518 | 10 |
12.690 | 325 | 4 |
12.700 | 1039 | 10 |
12.710 | 1206 | 6 |
12.720 | 724 | 4 |
Last trade - 10.56am 10/07/2024 (20 minute delay) ? |
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