The share buyback program definitely catches my attention.
Company obviously has excess cash and want to buy back shares before the environment improves to have enough strength to pay a div.
This program is not very aggressive as their daily buybacks are around 260000 to 1m shares. So it will take at least another 70days to finish.
Meanwhile I do expect it will absorb any downside risks.
Good Value and Momentum, page-2
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Last
97.0¢ |
Change
-0.010(1.02%) |
Mkt cap ! $925.1M | |||
| Open | High | Low | Value | Volume |
| 98.5¢ | 99.0¢ | 96.8¢ | $1.012M | 1.035M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 42963 | 97.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 97.5¢ | 28153 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
97.0¢ |
Change
-0.010 ( 1.05 %) |
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| Open | High | Low | Volume | ||
| 98.5¢ | 99.0¢ | 96.8¢ | 305611 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| PRN (ASX) Chart |