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. .
I dislike buybacks as much as they put a floor under for a...
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Last
$6.72 |
Change
0.030(0.45%) |
Mkt cap ! $21.82B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.77 | $6.72 | $43.42M | 6.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55681 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.73 | 10465 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |