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).
Agree. 4.1% is no small chunk of the company to be investing...
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Last
$14.84 |
Change
-0.120(0.80%) |
Mkt cap ! $2.171B | |||
| Open | High | Low | Value | Volume |
| $14.90 | $14.95 | $14.80 | $6.520M | 438.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 961 | $14.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.84 | 1888 | 2 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$14.83 |
Change
-0.120 ( 0.64 %) |
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| Open | High | Low | Volume | ||
| $14.88 | $14.95 | $14.81 | 69688 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| CTD (ASX) Chart |