Really good announcement.
Increase to $550m with 26.9m shares still to be bought.
Given they have spent $362m already, this leaves $188m for the remaining 26.9m shares.
That means they are giving themselves room for an average price if $7.00 per share.
Since we are currently at $4,68 per share, they are expecting to pay much more than $7 per share over the period.
That tells us how cheap the shares currently are.
Also, future buybacks coming
Ann: Update - Notification of buy-back - WHC, page-2
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Last
$7.61 |
Change
-0.140(1.81%) |
Mkt cap ! $6.366B | |||
| Open | High | Low | Value | Volume |
| $7.74 | $7.76 | $7.56 | $40.65M | 5.337M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 80474 | $7.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.62 | 19579 | 5 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$7.57 |
Change
-0.140 ( 2.24 %) |
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| Open | High | Low | Volume | ||
| $7.72 | $7.76 | $7.56 | 1347484 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| WHC (ASX) Chart |