Is this doing anything to increasing the share price?
So far it is a flop to convey the BOD's perceived valued of the company.
As a small holder with no intention off selling my small holdings; from my perspective this strategy is a failure and is aimed to achieve bonuses - ESP- for the management team and increase the fee’s for BOD!
When u look at the holder’s, it would suggests that the ASIC rules have been gained by the 73% of the holders to make it appear as a LISTED PUBLIC COMPANY!
An alternative option to present the strength off the company is to dramatically increase the dividends…so far the buyback has been a waste of money!
This waste of monies has more to do to protect the current BOD and management team at the expense of smaller shareholders
Ann: Update - Notification of buy-back - JIN, page-2
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Last
$13.52 |
Change
-0.180(1.31%) |
Mkt cap ! $863.2M | |||
| Open | High | Low | Value | Volume |
| $13.72 | $13.78 | $13.50 | $1.665M | 122.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2811 | $13.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.65 | 556 | 2 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| JIN (ASX) Chart |