Price is too high to meaningfully continue the buyback. They allocated $50 mil to buy a max. 100,000,000 and they have spent almost $30 mil for less than 15 mil SOI. I think if they have another successful year they may hang the boots up on the buyback and do a 3 for 1 consolidation instead, which would get the SP close to $10 and slow down the volatility from day trading, which they want to do.
A bull market, buyback, earnings upgrade, growth story and the market reaction have driven shorts away.
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Last
$3.14 |
Change
-0.040(1.26%) |
Mkt cap ! $4.053B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.19 | $3.08 | $27.56M | 8.803M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9991 | $3.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 42415 | 6 |
View Market Depth
| Last trade - 16.16pm 29/07/2025 (20 minute delay) ? |
| ZIP (ASX) Chart |