AZJ 0.00% $3.51 aurizon holdings limited

I would expect you'll get another chance, as the buyback bought...

  1. 11,209 Posts.
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    I would expect you'll get another chance, as the buyback bought back about 17% of yesterdays turnover. Whilst it would seem natural that the price should be boosted by that, many in the market will believe that the SP should be lower than it is and less keen to buy at an artificially inflated price, and more keen to sell to capture this price differential. The significant amount of "buybacking" is an obvious and transparent stunt at such a large proportion of turnover IMO. Short term the buyback can easily raise the SP, but longer term . . . is a red flag.
 
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