That was a very random statement.
Buying stock back without notifying the market?
Imagine the shit storm ASIC would rain down on them.
This move today looks like institutional fund rotation into RMS.
RMS is one of the few Australian goldies to post a profit this quarter.
RMS costs will trend lower over next 12 months.
RMS still have access to over 270 million in liquidity.
Not a bad place to be in the midst of an economic downturn.
Hedge funds would now consider RMS to be a comparatively low-risk place to park equity.
Ann: September 2022 Quarterly Rpt, Bartus Group & drill results, page-61
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Last
$2.16 |
Change
0.040(1.89%) |
Mkt cap ! $2.494B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.20 | $2.14 | $6.902M | 3.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221 | $2.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 36399 | 6 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |