Why? because the equity is off the dial discounted.....it makes perfect sense to return capital to shareholders via a buyback when the equity is trading so cheaply. Plenty of time for dividends over buybacks when the equity is no longer trading so cheaply. There's a time & place for both.... arguably it really is buyback time now. This serves medium & long term holders best. It's taken a while but fully endorse the decision....not to drive the share price higher but to increase returns on equity for investors.
Ann: Trading Halt, page-15
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1.0¢ |
Change
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Mkt cap ! $47.72M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $51.87K | 4.967M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 13259338 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 36316610 | 23 |
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| BRK (ASX) Chart |