A couple of things about BB plans.
When they finish doing one they can't do another for 12+ mths.
The price they buy on the market can't be higher than 5% of the previous 5 days weighted average.
They are used more often when SP is going up not down. Wasting some money when going down.
And anything under 1B$ wouldn't achieve much. BOD are there to grow and run the business not worry about the SP.
Just read a book about RIP CURL - I grew up through this period surfing (last 50+ years). That is how businesses should be run. Think the long term not the next 3 6 mths.
And about capital management - I feel they may or should change their mind about their statement a few weeks ago. The shyte has hit the fan with lithium and stock's SP. Time to tighten belts and think more long term about cap and dividend expenses etc.
A couple of things about BB plans.When they finish doing one...
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Last
$2.87 |
Change
-0.020(0.69%) |
Mkt cap ! $8.699B | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.92 | $2.78 | $42.02M | 14.74M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 132431 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 134727 | 53 |
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| Last trade - 12.28pm 25/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |