Australia's largest stock trading and investment forum Australia's #1 stock forum

ICI

Click for more information

9.52%

2.3¢ icandy interactive limited

Ann: Update - Notification of buy-back - ICI, page-19

First 19 Last

Share
Profile

Follow
Maeglin

192 Posts.

95

03/09/22

17:06

Post #: 63502863
Share

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

Expand

Turns out you were wrong. Management made the decision. I guess SBB are very very complicated to understand indeed.

ICI Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

WTC

A sex scandal is unlikely to hurt Australia's tech crown jewel – just look at trades

Superannuation Essentials: Building Wealth for Your Retirement

BTH

Bigtincan bounces 9% after $409M merger proposal sets stage for Nasdaq listing

KAU

Kaiser Reef sets up $8M capital raising to boost expansion at A1 gold mine

There are more pages in this discussion • 7 more messages in this thread...

First 19 Last

Add ICI (ASX) to my watchlist

(20min delay)
Last 2.3¢		Change 0.002(9.52%)		Mkt cap ! $29.44M

Open	High	Low	Value	Volume
2.3¢	2.3¢	2.1¢	$27.07K	1.229M

Buyers (Bids)

No.	Vol.	Price($)
1	104181	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	273155	1

View Market Depth

No.	Vol.	Price($)
1	104181	0.022
13	1239690	0.021
10	1932400	0.020
1	150000	0.019
1	30000	0.018

Price($)	Vol.	No.
0.023	273155	1
0.024	314634	2
0.026	43423	2
0.027	431996	4
0.030	462617	3

Last trade - 16.10pm 21/10/2024 (20 minute delay)

ICI (ASX) Chart

SPONSORED BY