Buy back is the best way to kill cash rapidly and effectively, and then in order not to waste cash for future div. to shareholders who are nothing to the company running when no good acquisitions to purchse in the global market currently. Therefore the company need the SP at fair rates, the lower the SP, the more they buyback and the more they save, the less they pay div to shareholders. That is the greedy business, they are not charity. So now understanding why the SP is going down without any reasons. Sit and wait and reload for the SP DOWN TO $2.60-2.72 in no time.
Cheers
Buy back is the best way to kill cash rapidly and effectively,...
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Last
$3.69 |
Change
-0.010(0.27%) |
Mkt cap ! $16.80B | |||
| Open | High | Low | Value | Volume |
| $3.75 | $3.76 | $3.64 | $47.69M | 12.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 228216 | $3.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.69 | 90864 | 49 |
View Market Depth
| Last trade - 15.54pm 21/10/2024 (20 minute delay) ? |
| S32 (ASX) Chart |