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.
After buying back 1,359,879 shares at prices as high as $2.30,...
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Last
98.0¢ |
Change
-0.025(2.49%) |
Mkt cap ! $206.9M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.03 | 98.0¢ | $213.1K | 212.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4880 | 98.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 98.5¢ | 81 | 1 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
98.5¢ |
Change
-0.025 ( 2.17 %) |
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| Open | High | Low | Volume | ||
| $1.03 | $1.04 | 98.0¢ | 10898 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| SVR (ASX) Chart |