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.
News: SEQ Sequoia Financial Group To Conduct An On-Market Buy-Back Of Shares, page-59
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Last
53.0¢ |
Change
0.010(1.92%) |
Mkt cap ! $69.69M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 53.0¢ | 52.0¢ | $226.7K | 433.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 378 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 83373 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
53.0¢ |
Change
0.010 ( 0.95 %) |
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| Open | High | Low | Volume | ||
| 52.0¢ | 53.0¢ | 52.0¢ | 1058475 | ||
| Last updated 15.38pm 21/05/2024 ? | |||||
| SEQ (ASX) Chart |