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
96.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $203.8M | |||
| Open | High | Low | Value | Volume |
| 96.0¢ | 98.0¢ | 96.0¢ | $100.7K | 104.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3169 | 96.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.0¢ | 34845 | 2 |
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| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
98.0¢ |
Change
0.000 ( 2.01 %) |
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| Open | High | Low | Volume | ||
| 96.0¢ | 98.0¢ | 96.0¢ | 15840 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| SVR (ASX) Chart |