The buyback has had a clear effect in my view of closing the discount gap from about 18% to 12%. It is a good strategy to use and try and buy back the full 25% of all shares allowed, probably at greater than a 10% discount. It is very accretive, and we all hopefully have more potential franking of dividends to be shared with less shareholders.
The complaint I had with it is why they did not buy aggressively like they did in May, in the few months prior to that. Did not seem like they even tried very hard.
The buyback has had a clear effect in my view of closing the...
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Last
$1.93 |
Change
0.000(0.00%) |
Mkt cap ! $559.8M | |||
| Open | High | Low | Value | Volume |
| $1.95 | $1.95 | $1.91 | $1.163M | 604.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22500 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 4999 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| VG1 (ASX) Chart |