Share price wise, yes, time will tell. The SBB is only a small force in the market (volume wise) but the SBB shows up clearly on the broker data for net buying support for various periods (3 months, 6 months,1 year) where our price has been under pressure.
Value wise the company has spent an average of $12.15~ per share on the buy back so far to me that represents good value and is lower than what analysts think the company is worth when cash and Daybue income is counted only.
I suppose we can judge the decision in 12 months time but I am feeling pretty good about it.
Ann: Update - Notification of buy-back - NEU, page-7
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Last
$13.10 |
Change
-0.800(5.76%) |
Mkt cap ! $1.629B | |||
| Open | High | Low | Value | Volume |
| $13.95 | $13.96 | $12.88 | $9.534M | 725.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 266 | $13.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.15 | 1619 | 2 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| NEU (ASX) Chart |