This is what Stokes does.
Buys back shares from retail and increases his stake in each company.
Basically uses shareholder capital to increase his ownership in a business.
It's just annoying that they use the anaemic broker / algo to do it.
Why not just have a set amount of shares (say 500k shares) they have to buy every day.
The broker can still buy throughout the day to get the best price, but at least create some consistency to it.
If you don't like the buy back and would prefer a dividend, make sure you vote against the remuneration report!!
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $215.4M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $88.19K | 607.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 1399720 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 21718 | 2 |
View Market Depth
| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| SWM (ASX) Chart |