Amazing, I thought you only bought back if you thought the company was under valued and not using debt?
Although I suppose if they buying back using profits and can borrow at lower rate than the return on investment....
I do recall BK saying he thought it was still undervalued (or was that my imagination or chatter?).
They set to buy back up to 1m share (probably just arbitrary number as BK likes round numbers of issue and I have to say I do to!).
Future of KPG $6 and beyond, page-29
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Last
$7.77 |
Change
0.090(1.17%) |
Mkt cap ! $349.2M | |||
| Open | High | Low | Value | Volume |
| $7.75 | $7.91 | $7.75 | $112.6K | 14.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $7.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.90 | 125 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| KPG (ASX) Chart |