In all honesty this is exactly what I don't like about buy backs. Were going to spend $36m (90m shares x $0.40) to essentially put a floor price on the share price. Once we have spent our $36m on the buy back, there is absolutely nothing stopping the price going down below $0.40c again with a $36m hole in our pocket. The last 4 trading sessions since the buy back commenced has all closed on $0.40c. I fear the share price won't significantly increase from here, but on the bright side it shouldn't significantly decrease from here (at least for the meantime).
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In all honesty this is exactly what I don't like about buy...
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Last
44.0¢ |
Change
0.010(2.33%) |
Mkt cap ! $390.0M |
Open | High | Low | Value | Volume |
43.0¢ | 44.0¢ | 42.5¢ | $296.1K | 682.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 107778 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 18290 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 108414 | 0.435 |
16 | 330107 | 0.430 |
7 | 61890 | 0.425 |
13 | 179799 | 0.420 |
7 | 103698 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 20596 | 3 |
0.445 | 118931 | 11 |
0.450 | 87190 | 7 |
0.455 | 199225 | 8 |
0.460 | 506018 | 12 |
Last trade - 12.45pm 04/10/2024 (20 minute delay) ? |
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MLX (ASX) Chart |