Mauombo is correct - Shareholders should treat the notice as a backstop should a large parcel appear on the sell side.
While buybacks are typically seen in a positive light, critics question whether it really is the best way for a company to spend its money. This is not only because buybacks can create a degree of a moral hazard for management, whose pay packages are often tied to EPS, but also because every dollar used is money not available to develop new products, acquire a competitor or otherwise invest to grow the business.
Mauombo is correct - Shareholders should treat the notice as a...
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Last
51.5¢ |
Change
0.005(0.98%) |
Mkt cap ! $67.55M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 51.5¢ | $9.785K | 19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 131980 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 27997 | 2 |
View Market Depth
| Last trade - 14.02pm 30/04/2024 (20 minute delay) ? |
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Last
51.5¢ |
Change
0.005 ( 0.98 %) |
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| Open | High | Low | Volume | ||
| 51.5¢ | 51.5¢ | 51.5¢ | 1000 | ||
| Last updated 14.02pm 30/04/2024 ? | |||||
| SEQ (ASX) Chart |