I don’t think it’s the primary reason. I think the primary reason is to help restore buyer confidence against aggressive dumping and trading that plagued us for months.
I agree though that the buyback could be used to help prevent trading tactics often used by potential bidders.
I was saving and analysing daily course of sales data for Kidman Resources prior to their buyout. Small trades often over 50% of daily trades (my reasoning for monitoring closely). I was monitoring price action because it didn’t agree with fundamentals following the court decision about their tenements.
https://hotcopper.com.au/posts/37815199/single
Industry news, page-727
-
- There are more pages in this discussion • 1,092 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RAC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.66 |
Change
0.025(1.53%) |
Mkt cap ! $282.7M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.69 | $1.58 | $350.6K | 215.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 2493 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |