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
51.5¢ |
Change
-0.015(2.83%) |
Mkt cap ! $69.69M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 51.5¢ | $578 | 1.122K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.5¢ | 46877 | 1 |
View Market Depth
| Last trade - 12.13pm 22/05/2024 (20 minute delay) ? |
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Last
51.5¢ |
Change
-0.015 ( 2.83 %) |
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| Open | High | Low | Volume | ||
| 51.5¢ | 51.5¢ | 51.5¢ | 500 | ||
| Last updated 12.22pm 22/05/2024 ? | |||||
| SEQ (ASX) Chart |