I am figuring that they set out to buy back the 36 million shares and maybe feel like they're running out of time to buy at this level
The selling pressure for accumulation that seemed relentless at 12c seems to have subsided also
Top 20 hold almost 70% of shares on issue so doesn't leave a heap of free float
They have only really seemed to buyback when the share price has been under the 13c
Not sure of exact reasons, but just feel like the sheer quantity as opposed to previous buyback amounts seems to have increased a lot, so hopefully it is just the broker feeling the urgency to do so before we rerate
Ann: Update - Notification of buy-back - ICI, page-5
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Last
2.7¢ |
Change
-0.004(12.9%) |
Mkt cap ! $36.31M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.0¢ | 2.5¢ | $76.23K | 2.759M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 603333 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 145022 | 1 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| ICI (ASX) Chart |