I thought about the buyback as well
but i do not think that would work at all
BTA have been doing it and it has been a disaster (with many less shares than CVN)
because CVN has so much stock on issue i dont think it would help at all, you are taking far too little stock off the market
that same money though as a dividend would show the market a stock yielding more than interest in the bank.. if my calcs are correct
dividend payment, page-8
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Last
15.8¢ |
Change
0.003(1.61%) |
Mkt cap ! $281.7M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.8¢ | 15.3¢ | $226.7K | 1.463M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 295344 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 333498 | 12 |
View Market Depth
| Last trade - 12.32pm 02/10/2024 (20 minute delay) ? |
| CVN (ASX) Chart |