Great they're starting to buy again but the buyback numbers since they've recommenced are lame considering they were happy to pay over 42-43c a few months ago and buy back solid quantities of hundreds of thousands some days & now they have around a quarter of a million changing hands yesterday for 34-35c and they buy back 15,000.
Capital reserves dependent of course but I would like to see them pay out dividends to the maximum the franking balance allows every half year (fully franked).....any additional capital to be expended on the buyback at prices below 42c a share. I know buybacks don't float everyone's boat and any dividends rule for some whether franked or unfranked but I think the above gives the most bang for buck for long term holders. I'm surprised this is trading 'stupid cheap' again considering managements capital management plan.....it's all coming back to shareholders one way or another at the moment
Great they're starting to buy again but the buyback numbers...
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Last
38.0¢ |
Change
0.005(1.33%) |
Mkt cap ! $81.23M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 38.0¢ | $51.62K | 134.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 29178 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 19916 | 1 |
View Market Depth
| Last trade - 15.59pm 11/10/2024 (20 minute delay) ? |
| MSV (ASX) Chart |