That is an incorrect statement.
Ross under large dissatisfaction from a particular group of shareholders did the paperwork for the 10% buyback quite a while back. So they could buy back shares right now but choose not too at this time.
What I do find interesting is they have opted to ask for an up to 50% buy back. This means they intend to buy back more than 10% or more that 25.7 million shares in this current financial year.
I personally will be very impressed if they can achieve even 25.7 million shares, let alone more than this in this financial year.
Obviously a sale of NE would make this pretty straight forward.
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Last
$1.38 |
Change
-0.080(5.48%) |
Mkt cap ! $355.6M |
Open | High | Low | Value | Volume |
$1.46 | $1.46 | $1.38 | $790.9K | 564.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24999 | $1.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.40 | 2446 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 15000 | 1.355 |
1 | 3650 | 1.345 |
2 | 8000 | 1.340 |
1 | 6141 | 1.335 |
1 | 376 | 1.330 |
Price($) | Vol. | No. |
---|---|---|
1.420 | 40000 | 1 |
1.490 | 4258 | 2 |
1.495 | 7500 | 1 |
1.500 | 12112 | 3 |
1.530 | 11094 | 1 |
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