Just came up with an idea on how BPT should use their surplus cash now that our company is pulling in lots of cash.
Announce a 10% share buyback to be be done in next 12 months. This is how BPT can position itself in a win-win situation. Every time BPT announces bad news ie shakedown, BPT instruct broker to get ready and buy back lots of shares.
When Oil price falls, buy back BPT shares again.
Quarterly report comes out, do the same thing if share price falls.
After a few shakedowns, BPT share traders would think twice before selling out.
Ann: Waitsia Stage 2 update, page-95
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Last
$1.54 |
Change
0.015(0.99%) |
Mkt cap ! $3.501B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.55 | $1.50 | $10.73M | 7.023M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25391 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 39714 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BPT (ASX) Chart |