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3.70%

2.6¢ icandy interactive limited

LOL SBB is very easy to understand

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crazydave1942

7,207 Posts.

612

20/08/22

16:00

Post #: 63227710
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Originally posted by FingerLicking: ↑

i'm quite sure the general directive to the broker is "buy up to 135m shares over the next 12 months"; nothing more, nothing less, because ICI can't give them an edge, provide the broker with "tips" aka insider information/instructions on timing the market to get the cheapest shares. there's a body of rules & regulations that govern how SBBs work; like what the broker's budget is, type of buy-back, how much they can buy per day/etc as well as price. there aren't other instructions from ICI like when to start & stop buying because that would defeat the purpose of appointing/paying a broker in the first place; it's the broker's job to monitor the market, as a third-party, to determine how to achieve the best outcome for the company/shareholders, which is to buy as many shares paying as little as possible for them, & eliminating conflicts of interest as their position is neutral, having the same information as the market

i know SBB is very complicated to comprehend @crazydave1942 is proof of that

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LOL

SBB is very easy to understand

ICI Price at posting: 8.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.6¢		Change -0.001(3.70%)		Mkt cap ! $34.96M

Open	High	Low	Value	Volume
2.7¢	2.7¢	2.5¢	$8.776K	341.7K

Buyers (Bids)

No.	Vol.	Price($)
1	38599	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	145021	1

View Market Depth

No.	Vol.	Price($)
1	38599	0.026
3	178549	0.025
2	435020	0.024
1	150000	0.023
2	340909	0.022

Price($)	Vol.	No.
0.027	145021	1
0.028	14712	1
0.029	35014	1
0.031	490000	1
0.033	233755	4

Last trade - 16.10pm 18/07/2024 (20 minute delay)

ICI (ASX) Chart