the amount of shares bought back divided by the 2.7m cost is about $1.99 average price. The DRP was issued at 2.08c. I guess you could say the company came out ahead based on that spread of a few cents a share.
My point really is around keeping the DRP active at such a depressed share price and the dissonance of that decision when supposedly also conducting a SBB, presumably because the company thinks its shares are cheap.
Anyways, just seemed off to me to cancel out most of the benefit of a SBB to issue more capital via DRP at a single digit PE.
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Last
96.0¢ |
Change
-0.005(0.52%) |
Mkt cap ! $200.6M |
Open | High | Low | Value | Volume |
96.5¢ | 97.0¢ | 95.0¢ | $76.11K | 79.34K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 11666 | 95.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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96.5¢ | 1681 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3385 | 0.960 |
3 | 11315 | 0.955 |
4 | 37705 | 0.950 |
6 | 23278 | 0.945 |
5 | 36196 | 0.940 |
Price($) | Vol. | No. |
---|---|---|
0.965 | 1686 | 11 |
0.970 | 2283 | 4 |
0.975 | 1433 | 2 |
0.980 | 99311 | 2 |
0.985 | 30000 | 1 |
Last trade - 11.20am 30/05/2024 (20 minute delay) ? |
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Last
95.3¢ |
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Change
-0.005 ( 2.20 %) |
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Open | High | Low | Volume | ||
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