I tried my best to convince Bill during the phone call. The other excuse I heard is that if they did a buyback it would indicate to the market that they have run out of ideas. I said to him that to me it would indicate that they think the company is currently undervalued.
Not that it should matter anyway what the market thinks...
My Chat with Bill Paterson, page-8
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Last
4.0¢ |
Change
0.003(8.11%) |
Mkt cap ! $23.94M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 4.2¢ | 3.9¢ | $123.9K | 3.084M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.6¢ | 111237 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| PHX (ASX) Chart |