There's no reason for them to even buy back all the shares. It serves as a fairly compelling warning to shorters that the company is ready and prepared to buy large volumes of shares on market.
My view is that if they do buy back on market, it'll happen closer to the AGM. Management will do whatever they can to make sure the price is back to the highs by the AGM, to ensure the outcome is not the same as last time. I am guessing this will be achieved through a mixture of the buy back and several large announcements.
Buy Back, page-3
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Last
$15.37 |
Change
0.130(0.85%) |
Mkt cap ! $770.0M | |||
| Open | High | Low | Value | Volume |
| $15.36 | $15.54 | $15.18 | $1.274M | 82.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 237 | $15.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.50 | 282 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CUV (ASX) Chart |