Reduction in shares on issue should drive the share price in the...

  1. 385 Posts.
    lightbulb Created with Sketch. 24
    Reduction in shares on issue should drive the share price in the longer term by increasing EPS, but this short term increase we are seeing is entirely from the buyback eating up most of the selling demand. I wouldn't consider the recently prop up to be a permanent new base for the share price, if the buyback were to cease, the share price would slide back down to <$1 IMO.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
94.0¢
Change
0.000(0.00%)
Mkt cap ! $117.5M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 1356 94.0¢
 

Sellers (Offers)

Price($) Vol. No.
95.0¢ 10000 1
View Market Depth
Last trade - 16.21pm 29/07/2025 (20 minute delay) ?
FSA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.