As I see it a buy back would only make "the tiny amount of shares traded these days" even worse. The liquidity of both NZO and CUE is hopeless. NZO is a joke its a massive day if the shares even trade and the spread can be up to 50% meaning that it is a complete waste of time for the companies shares to even be listed on the ASX. CUE is starting to look similar. While this means there are no buyers it also means that fewer and fewer want to sell (refer Mitchdon post concerning top 20). So if CUE started a buy back near the current price of 7cents they would get almost nothing. The only answer to this silly situation IMO is a merger or T/O, 12/14cents might get them over the line and would still be a great bargain.
As I see it a buy back would only make "the tiny amount of...
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $69.83M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 1934687 | 15 |
View Market Depth
| Last trade - 07.00am 16/08/2024 (20 minute delay) ? |
| CUE (ASX) Chart |
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