You are both correct, there is a moving vwap cap (ASX rule 7.33). As of yesterday’s buying the cap stated in the update notice was $4.26 and in Tuesday’s buy-back update it was stated as $4.31.
This would suggest there is ample head space for the buy-back to buying well above $4 (eg the high on Tuesday was $4.06 but the 251 shares purchased were in the small set of shares traded at $4 and even then those 251 shares were only a small subset of the shares that did trade at $4).
I’m guessing what greentray1 was saying is that there does not seem to be any recognisable logic behind Tuesday capping at $4, yesterday capping at $4.05, or any other random number HLI chooses.
Smart people have posted that buying back under NTA is good, so $3.76 would be the cap there (that was NTA on 31/12/2023). Helia’s FY23 results presentation also showed NTA plus Contractual Service Margin is $5.32, so is this what management see as a good cap?
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Last
$3.80 |
Change
0.030(0.80%) |
Mkt cap ! $1.100B |
Open | High | Low | Value | Volume |
$3.80 | $3.84 | $3.77 | $1.218M | 320.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1254 | $3.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.82 | 106 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6637 | 3.770 |
2 | 795 | 3.760 |
4 | 2056 | 3.750 |
2 | 662 | 3.740 |
2 | 2164 | 3.730 |
Price($) | Vol. | No. |
---|---|---|
3.830 | 657 | 1 |
3.840 | 657 | 1 |
3.850 | 3883 | 3 |
3.860 | 5808 | 2 |
3.870 | 11157 | 2 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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