POE is to buy back 5% of it's shares in a notice to the TSX
They believe the volatility of the market has the sp undervalued and it's a good idea to bring some of the stocks back into their own hands.
"
Due to the volatility in the financial markets and commodity pricing, Pan Orient believes that the common shares may from time to time be undervalued in the market and constitute a good investment for the Company"
They are using their "surplus cash" to fund the buyback..
Can be seen on marketwire:
http://www.marketwirecanada.com/mw/rel_ca.jsp?id=886727&k=pan%20orient
poe share buyback
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.5¢ |
Change
-0.020(10.8%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 16.0¢ | $3.525M | 20.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 441949 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 2048593 | 4 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |