It's also done when a companys share price is reading below its intrinsic value, meaning basically the person driving the move believe the stock is UNDERVALUED.
Refer this link
http://en.m.wikipedia.org/wiki/Share_repurchase
Sign of confidence
Ann: Unmarketable Parcel Program , page-8
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.330M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.65K | 1.216M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 47816377 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 2291338 | 1 |
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| Last trade - 15.19pm 06/09/2024 (20 minute delay) ? |
| LNR (ASX) Chart |