It appears to be solely the buy-back that is keeping the share price at $0.15. Today's buy-back notice shows that on Friday, 18m of the 19.4m in volume was attributable to the buy-back.
Under the 10/12 rule there was only ~12m more shares that could be bought-back at the start of play today. Volume today was 6m which suggests there is only another ~6m available under the buy-back.
It will be interesting to see what happens when they run out of shares under the buy-back...
DYOR
Ann: Sale of 5GN Business and Capital Return, page-57
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $45.32M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 14.5¢ | $58.37K | 389.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17860 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 363928 | 3 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |