After buying back 1,359,879 shares at prices as high as $2.30, the company elected to continue with the DRP and subsequently issue 1,064,188 new shares at an issue price of $2.08. The company has spent roughly $2.7m on the buy back, this DRP effectively hands back the company $2.2m.
Machiavellian genius? I hope there is some kind of reasoning behind this that is a lot better than this looks.
Buy back and DRP
Add SVR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
95.5¢ |
Change
-0.010(1.04%) |
Mkt cap ! $200.6M | |||
| Open | High | Low | Value | Volume |
| 96.5¢ | 97.0¢ | 95.0¢ | $88.43K | 92.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5448 | 95.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 96.0¢ | 565 | 10 |
View Market Depth
| Last trade - 11.49am 30/05/2024 (20 minute delay) ? |
|
|||||
|
Last
96.0¢ |
Change
-0.010 ( 1.43 %) |
||||
| Open | High | Low | Volume | ||
| 96.0¢ | 96.0¢ | 95.0¢ | 13438 | ||
| Last updated 11.58am 30/05/2024 ? | |||||
| SVR (ASX) Chart |