Hey mate, it is roughly 4.1% of the total share count, so it isn't insignificant. Hopefully it equates to more money being paid out to you and I in the long run if there are less shares on issue and profits are forecast to double in 5 years. I see it as pretty positive, particularly at these depressed levels. MQG is buying shares back at close enough to 52 weeks highs which doesn't make sense to me.
Ann: Update - Notification of buy-back - CTD, page-5
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Last
$13.18 |
Change
-0.010(0.08%) |
Mkt cap ! $1.928B | |||
| Open | High | Low | Value | Volume |
| $13.18 | $13.22 | $13.04 | $6.196M | 468.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1239 | $13.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.18 | 4300 | 5 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CTD (ASX) Chart |