Perverse incentives win over that sort of sentiment every time according to Charlie Munger - we will eventually know the outcome.
Yesdy 23% of volume buy back. They need to be careful as there is an obvious motive for market manipulation and price discovery is likely being interrupted with such an avalanche. Also shareholders will not be pleased if the options are all exercised, and the cash cupboard is bare, the fundies have hand-passed their stock to suckers and the SP is back at $1.20 after a great spike.
We've seen it before
All IMO.
Perverse incentives win over that sort of sentiment every time...
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Last
$2.47 |
Change
0.090(3.78%) |
Mkt cap ! $533.9M | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.47 | $2.35 | $284.9K | 117.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1340 | $2.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.47 | 3686 | 5 |
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| Last trade - 12.13pm 28/08/2024 (20 minute delay) ? |
| RUL (ASX) Chart |