SNL supply network limited

massive buy back

  1. 2,239 Posts.
    Now this announcement has got me baffled. There are only 24mill outstanding SNL shares and SNL management are going to use ETrade to buy back 1mill. SNL would be lucky if 1 trade per month goes thru the depth, so not really sure how they intend to buy 1mill shares. Is it an easy avenue for a large shareholder/mate/director to dump some shares and have a buyer? I think so, otherwise, why don't they just pay a larger dividend?

    If it smells suss, it probably is suss.....
 
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(20min delay)
Last
$37.80
Change
0.375(1.00%)
Mkt cap ! $1.639B
Open High Low Value Volume
$38.91 $38.91 $37.21 $1.005M 26.64K

Buyers (Bids)

No. Vol. Price($)
4 69 $37.78
 

Sellers (Offers)

Price($) Vol. No.
$37.81 36 4
View Market Depth
Last trade - 14.28pm 17/06/2025 (20 minute delay) ?
SNL (ASX) Chart
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