My apologies for saying limit of 10% daily volume.
Yesterday's buyback volume is way higher than I expected.
The high buyback means the board believes current share price is undervalued.
Current cash position is around $210m, royalties payment plus bank interest are around $18m, which is about to cover current expenditure. However the expenditure should increase as PMS proceeds to the Phase 3 trial next year, imo. NEU is to receive additional US$100m next quarter, so cash position will be well above $300m. I won't be surprised if the share buyback is upsized at next AGM in May 2025.
All imo.
My apologies for saying limit of 10% daily volume. Yesterday's...
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Last
$13.31 |
Change
0.770(6.14%) |
Mkt cap ! $1.655B | |||
| Open | High | Low | Value | Volume |
| $12.96 | $14.00 | $12.91 | $19.76M | 1.453M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $13.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.33 | 3716 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
| NEU (ASX) Chart |