Agree. 4.1% is no small chunk of the company to be investing back in and would cost ~96 million in capital assuming $16 or less purchase price per share. Given not many shares are typically traded with CTD on average, I'd be confident it'll will eventually lead to a decent price hike based primarily on the selling liquidity drying out. Last time I saw this was with TPW when it had a respectable earnings and share price collapsed. They are now trading over $12 following through with continually good earnings and changed sentiment. CTD's average broker rating still lies around ~$22.46 which is a substantial premium to where it currently trades (15 Buy 5 Hold 1 Sell).
Ann: Update - Notification of buy-back - CTD, page-8
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CTD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$13.41 |
Change
0.100(0.75%) |
Mkt cap ! $1.962B | |||
| Open | High | Low | Value | Volume |
| $13.34 | $13.44 | $13.27 | $5.473M | 409.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1843 | $13.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.41 | 3779 | 1 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| CTD (ASX) Chart |