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.
Buy back and DRP, page-3
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Last
99.0¢ |
Change
-0.015(1.49%) |
Mkt cap ! $214.3M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.03 | 99.0¢ | $122.0K | 120.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 55429 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.5¢ | 8443 | 9 |
View Market Depth
| Last trade - 13.19pm 14/05/2024 (20 minute delay) ? |
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Last
98.5¢ |
Change
-0.015 ( 2.17 %) |
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| Open | High | Low | Volume | ||
| $1.03 | $1.04 | 98.0¢ | 8620 | ||
| Last updated 13.29pm 14/05/2024 ? | |||||
| SVR (ASX) Chart |