The Buy Back is on schedule to do what they said they would do by the deadline .
However I think the reason they are not proceeding more aggressively is that they do not want to buy the quota of shares they are allowed by the regulations well inside the the time limit .
They don't want the pressure from shareholders to call a general meeting to authorise another bigger buyback .
They want to keep the cash in the business .
The present buyback was the bone they have thrown to shareholders to keep them quiet but it has not worked out like they planned because at least the shareholders that post on HC have not been silenced by it .
I hope they have plans to use the funds they are not spending on the buyback in a way that is more value creative than the buyback , however I find it a bit hard to see that it could be .
The Buy Back is on schedule to do what they said they would do...
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1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.17M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $62.67K | 4.899M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 16812807 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 22002260 | 13 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BRK (ASX) Chart |