Why on earth would I want to look at the requirements of doing a buy-back. We have company people to carry out that exercise. You really have little understanding of markets.
I have been invested in many companies that have done buy-backs and what I said stands absolutely. The most relevant point being that when the shares bought back are cancelled there are less shares outstanding and so we own more of the company (each share holder owns more). Being able to buy back when the share price is cheap is a good purchase for all of us (who continue to hold).
PLS chart, page-18324
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Last
$2.98 |
Change
-0.020(0.67%) |
Mkt cap ! $8.972B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.98 | $2.90 | $38.78M | 13.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15056 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 89928 | 9 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |