buying back shares at lower than value has a few more advantages
the spare cash is useless - doesn't even earn interest these days
it reduced the balance sheet which increases ROE
it increases EPS
makes paying future dividends more affordable
helps with liquidity/price discovery
News: SEQ Sequoia Financial Group To Conduct An On-Market Buy-Back Of Shares, page-55
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Last
35.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $43.25M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 35.0¢ | $21.92K | 62.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 56039 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 5000 | 1 |
View Market Depth
| Last trade - 11.21am 27/06/2025 (20 minute delay) ? |
| SEQ (ASX) Chart |