I too find buybacks a bit controversial...
In this case I feel it was used wisely, buying them at the lows and now it seems, it has ceased, as it should. It may be worth thinking that funds raised at $5 were used to buy stock under $3, so, quite a value proposition but, I do agree with your thoughts on debt.....something we hope they are mindful of.
Separately, MGH made the local news with its plans to build a shopping centre in South Dubbo....a project basically at their backdoor and no doubt a prime example of vertical integration. Though, I'm unaware of whether the plan is to own/ manage on completion or move it on....the value of the project is around $25m
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Last
$4.20 |
Change
0.080(1.94%) |
Mkt cap ! $1.377B |
Open | High | Low | Value | Volume |
$4.14 | $4.22 | $4.10 | $301.8K | 72.26K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 510 | $4.17 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.21 | 906 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6142 | 4.070 |
1 | 815 | 4.050 |
1 | 1750 | 4.000 |
1 | 250 | 3.990 |
1 | 253 | 3.950 |
Price($) | Vol. | No. |
---|---|---|
4.220 | 1104 | 1 |
4.280 | 386 | 1 |
4.300 | 175 | 1 |
4.460 | 5100 | 1 |
4.480 | 915 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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