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
$14.33 |
Change
0.130(0.92%) |
Mkt cap ! $1.770B | |||
| Open | High | Low | Value | Volume |
| $14.23 | $14.71 | $14.03 | $2.704M | 189.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 131 | $14.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.34 | 77 | 6 |
View Market Depth
| Last trade - 12.25pm 30/06/2025 (20 minute delay) ? |
| NEU (ASX) Chart |