buyback price is the average close price for the past 5 days x 1.05%.
ATM its 31.5. You may notice today there is a big buyer at 31.5. i'm assuming its SBM.. (i may be wrong)
we still have in the equation 24.5 and a 27 close thurs-fri last week so once thats gone buyback price is at least 33-35. this means SBM will clean up any road block of sellers!!
everytime there is a weakness in the price and silly people try dump/sell SBM, SBM picks them all up and the price doesnt fall any more.
yesterday was one example SBM dropped and recovered well.
this is my interpretation of the whole thing but if i'm wrong some other members who live and breath the market would know better.
buyback buys more then 1million yesterday, page-6
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Last
25.5¢ |
Change
0.005(2.00%) |
Mkt cap ! $208.6M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 26.0¢ | 24.8¢ | $642.9K | 2.527M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 601998 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 58164 | 4 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| SBM (ASX) Chart |