The PPKME shares were valued at 2.8c per share when they were issued as an in speccie div so a buyback at 13.5c isn't so bad, a lot better then you would have got leaving the money in the bank in the last 18 months. They're only buying back unmarketable parcels so under $500 worth and considering its unlikely to IPO on any exchange anytime soon the likelyhood of there becoming a market for is pretty low.
The only other way to sell them I see is selling to the Director through Finexia or wait for PPKME to get acquired by someone and you will get a premium to the 13.5c but pretty slim chance of it so why bother waiting around for something that's unlikely to happen. Might as well just take it as a larger div and move on.
The PPKME shares were valued at 2.8c per share when they were...
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Last
44.5¢ |
Change
-0.015(3.26%) |
Mkt cap ! $40.03M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.5¢ | 43.0¢ | $22.38K | 50.60K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9371 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 332 | 2 |
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| Last trade - 14.29pm 26/08/2024 (20 minute delay) ? |
| PPK (ASX) Chart |