I dislike buybacks as much as they put a floor under for a certain volume it advantages sophisticated traders and that puts a cap on it as well in so many cases. In my experience it ends up being a pip by pip battle and often news that should cause a rise and some excitement is diminished usually after a quick ris eto fairish value.
I agree there is no better use of capital for IRR but the execution and how a buyback hangs over the market is not ideal.
When there looks to be a period of 3-6 months with nothing major likely to be coming so market is dissinterested or if ther eis a major dissappointing announcement regarding delays in funding or project timeline - yep go for it short and quick to retain value an dhold trading range. .
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Last
$7.60 |
Change
-0.260(3.31%) |
Mkt cap ! $24.68B |
Open | High | Low | Value | Volume |
$7.66 | $7.66 | $7.53 | $22.51M | 2.962M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
30 | 28868 | $7.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.60 | 23503 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 9561 | 7.610 |
33 | 41633 | 7.600 |
21 | 70990 | 7.590 |
24 | 57037 | 7.580 |
13 | 50990 | 7.570 |
Price($) | Vol. | No. |
---|---|---|
7.620 | 41809 | 26 |
7.630 | 97575 | 20 |
7.640 | 127178 | 13 |
7.650 | 47286 | 11 |
7.660 | 38282 | 11 |
Last trade - 13.15pm 05/08/2024 (20 minute delay) ? |
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