Sorry if this about the buy-back has already been discussed, but can we take it that for the next year there will be a lower limit on the share price? That Merryll Lynch will be instructed to buy if ever the price drops to a certain value? Any ideas on how that value will be set, and what it might be?
If they're not expecting the share price to fall often in the year, the instruction to Merryll Lynch would have to be different. It's a bit tricky, with a fixed amount of money to be spent rather than a fixed number of shares to be bought back.
NIC - General discussion, page-640
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Last
93.5¢ |
Change
0.025(2.75%) |
Mkt cap ! $4.010B | |||
| Open | High | Low | Value | Volume |
| 91.5¢ | 93.8¢ | 90.5¢ | $3.834M | 4.129M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3607 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 486500 | 14 |
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| NIC (ASX) Chart |