The company needs to buy back another 5,180,671 shares in 33 remaining days (including today) which means they need to buy back 156,990 shares on an average from today onwards until 29th August. In the last 2 days there were on an average 250,000 shares traded and I was hoping that the coming would have been buying. Since they did not update the market on buy back yesterday and today, which means, a fund manager is possibly buy with that volume.
This becomes interesting now as the squeeze is happening from multiple quarters.
Hold tight on this guys. I am not selling. With selling side becoming thin, the company will have no options other than to buy back at higher prices and moving up the SP higher and higher along with a good quarterly.
Buyback left as on 13July23
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Last
21.0¢ |
Change
0.010(5.00%) |
Mkt cap ! $43.72M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 22.0¢ | 20.0¢ | $45.71K | 218.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 32500 | 2 |
View Market Depth
| Last trade - 15.52pm 30/08/2024 (20 minute delay) ? |
| SWP (ASX) Chart |