Under share buyback rules, they are limited by the market volumes and the VWAP. They cannot simply decide to purchase 500K in a day. Unless there is the market volumes to support this. I do not know what the actual limits are but I suspect that a company cannot be more than 25% of the volume on a given day. For a more extreme example, check out WOTSO, sometimes trades <100 shares a day, and the buyback can be 10 shares
I would think the buyback would stay in place until 80c or so... which might be years away anyway.
Ann: Update - Notification of buy-back - TGP, page-6
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Last
65.0¢ |
Change
0.005(0.78%) |
Mkt cap ! $144.8M | |||
| Open | High | Low | Value | Volume |
| 64.5¢ | 65.0¢ | 64.5¢ | $32.29K | 50.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 948 | 63.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 5764 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TGP (ASX) Chart |