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.
That is an incorrect statement.Ross under large dissatisfaction...
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Last
$1.58 |
Change
-0.040(2.47%) |
Mkt cap ! $407.2M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.63 | $1.57 | $1.610M | 1.003M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14999 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 22071 | 1 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |